BREAKING: President Trump Announces Replacement for Vacancy on the Federal Reserve Board

President Trump on Thursday afternoon announced Dr. Stephen Miran will will the vacancy on the Federal Reserve Board until January 31, 2026.

Last week Biden-appointed Federal Reserve Governor Adriana Kugler announced she will be resigning from her post Friday, August 8.

Adriana Kugler’s resignation left President Trump a vacancy to fill.

“Dr. Kugler, who has served as a governor since September 13, 2023, submitted her letter of resignation to President Trump and will return to Georgetown University as a professor this fall,” the announcement said last week.

On Thursday, President Trump announced Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, will fill the vacancy.

“It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to serve in the just vacated seat on the Federal Reserve Board until January 31, 2026. In the meantime, we will continue to search for a permanent replacement. Stephen has a Ph.D. in Economics from Harvard University, and served with distinction in my First Administration. 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. Congratulations Stephen!” President Trump said on Truth Social on Thursday

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