‘Will do a outstanding work’: Trump nominated Stephen Mirn in the Federal Reserve Board; Pavel’s role under investigation

US President Donald Trump on Thursday announced that he would temporarily nominate the top economic advisor Stephen Mirn to fill a vacancy on the Federal Reserve Board of Governors.Miran, who currently presides over the Council of Economic Advisors of the White House, has prepared to replace the outgoing Governor Adriana Kugler for a biden appointment on Friday. If confirmed by the Senate, Miran will work through January 31, 2026, AP report.“It is my great honor to announce that I have chosen Dr. Stephen Meeran, the current Chairman of the Council of Economic Advisors to serve only on the Federal Reserve Board by 31 January 2026. He has been with me since the beginning of my second term, and his expertise is unique in the world of economics – he will do an excellent job. Congratulations Stephen! “Trump said through a position on the truth social. Stephen Miran’s enrollment can create fresh concern about political pressure on the Federal Reserve, an institution that has long been valued for its freedom from day to day politics. According to the AP report, that freedom is considered necessary to make a difficult decision, such as raising interest rates to control inflation.As a fed governor, Meeran will have a vote on all interest-by decisions and regulatory policies, and their appointment expects to bow down in favor of reducing interest rates. It is unlike the outgoing Governor Adriana Kugler, who combined the economic impact of the tariff and aligned with Geom Powell to advocate to keep the rates stable.Trump has earlier asked the Federal Reserve Policy Metayers, which reports the chair, Jerome Powell, six other board members and 12 regional Fed Bank Presidents, to reduce low interest rates, to reduce low interest rates.The Federal Reserve kept its benchmark interest rate stable at 4.3 percent in a recent meeting, maintaining the prescribed level after a three -rate cut at the end of the previous year. However, both Fed Governor, Christopher Waller and Michelle Boman, both appointed during Trump’s first term, separated from the decision.Tim Scott, chairman of the Senate Banking Committee, said, “I look forward to considering his nomination in the Senate Banking Committee quickly and hearing more about his plans to increase transparency and accountability in the Federal Reserve to ensure that the agency preference its mandate and avoids politics.” The Senate is not scheduled to return by September 2, when MPs also have to face immediate task of passing a government funding bill to avoid partial shutdown at the end of the month, the Reuters said.Trump is also allegedly considering possible candidates for the Federal Reserve Chair Zerome Powell to succeed, whose duration ends on May 15, 2026.“Jerome ‘to Late Late’ Powell, a stubborn Moran, should reduce much lower interest rates, now. If he continues to refuse, the board should take control, and whatever he knows should be done!” Trump said last week through a post on Truth Social.