President Trump’s unusual decision to put his top economic adviser Stephen Miran on the Federal Reserve’s board of governors for a few months isn’t expected to alter interest-rate policy much. But the move could have long-lasting,

Miran has emerged as a vocal defender of Trump's economic agenda, particularly the 2025 tax cuts and the broad tariff regime.

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.