Trump’s Fed Pick Is a Dove. How Miran Could Move the Market. Wall Street shrugged at President Donald Trump’s plan to nominate his economic adviser, Stephen Miran, to the Federal Reserve.

Trump nominated Miran on Thursday to complete Kugler’s term, which expires on Jan. 31. Trump has been demanding that Chair Jerome Powell and his Fed colleagues lower rates. He has said the Fed’s policy rate should be at 1%,

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