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President Donald Trump said he had chosen Council of Economic Advisers Chairman Stephen Miran to serve as a Federal Reserve governor.
“He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled — He will do an outstanding job,” Trump said in a social media post.
Trump said that Miran, who will need to be confirmed by the US Senate, would only serve the expiring term of Fed Governor Adriana Kugler, which ends in January.
“In the meantime, we will continue to search for a permanent replacement,” Trump said. The Federal Reserve did not immediately respond to a request for comment.
Miran has been critical of the Fed’s track record in recent years. In a March 2024 paper, Miran and Dan Katz, now chief of staff at the Treasury Department, laid out a 24-page plan for reforming the Fed that blames policy errors at the central bank on “groupthink.” It also takes the Fed to task for having expanded into political areas that they argue are beyond its remit.
Today's show features:
- Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee on Federal Reserve
- Bloomberg News US Semiconductor & Networking Reporter Ian King on President Donald Trump’s criticism of Intel CEO Lip-Bu Tan
- Governor Christopher Waller emerging as a top candidate to serve as the central bank's next chair
- Dr. Gracelin Baskaran, Director of the Critical Minerals Security Program at the Center for Strategic and International Studies, and Bloomberg News Economic Statecraft Reporter Joe Deaux on the rare earth materials market
- Dr. Angela Stent, Senior Fellow at the Brookings Institution, on the latest developments between the US and Russia surrounding the War in Ukraine
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