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Trump set to fill Fed board vacancy by week's end, has narrowed chair search to four

UNITED STATES, AUG 8 – Adriana Kugler's early resignation opens a Fed Board seat Trump aims to fill with a nominee favoring interest rate cuts, potentially shaping U.S. monetary policy through January 2026.

  • President Donald Trump announced that he has chosen Stephen Miran to fill a vacant seat on the Federal Reserve Board on an interim basis until January 31, 2026.
  • Miran will replace Adriana Kugler, who unexpectedly resigned last week before her term was set to end in January.
  • Trump stated on Truth Social that Miran's expertise in economics is unparalleled and that he will do an outstanding job.
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Federal Reserve Governor Christopher Waller stands as one of the main candidates to preside over the central bank among President Donald Trump's advisors, who seek a possible replacement for Jerome Powell, according to sources close to the process. Trump's advisors value Waller's willingness to push forward policies based on forecasts rather than current data, as well as his deep knowledge of the Fed's system, according to the same sources. Alth…

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U.S. News broke the news in New York, United States on Tuesday, August 5, 2025.
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