Miran has been a major defender of Trump’s income tax cuts and tariff hikes. He also has played down the risk of Trump’s tariffs generating higher inflation.

In a post on Truth Social, President Trump said he’s chosen Stephen Miran, who heads the Council of Economic Advisers, to serve in the recently vacated seat until Jan. 31.

Stephen Miran has been serving as the Chairman of the Council of Economic Advisors. Trump said he would only serve at the Fed until January 2026.