It is reported that the White House is preparing to nominate an interim Federal Reserve governor rather than directly appoint Powell's successor
2025-08-07 19:42:55
On August 8th, according to foreign media reports, according to people familiar with the matter, White House officials are preparing for Trump to nominate Stephen Miran, the current chairperson of the White House Council of Economic Advisers (CEA), to serve as a Federal Reserve governor. Trump said on Wednesday that he may nominate an interim governor to fill the vacancy, rather than directly nominating a successor to Federal Reserve Chairperson Powell. Trump has been sharply critical of Powell's monetary policy. If Milan is nominated and approved by the Senate, he is expected to serve only until January next year, the above-mentioned people said. Fed Governor Coogler announced last week that she will step down this Friday.
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