Former President Donald J. Trump announced on his Truth Social account that he has selected Dr. Stephen Miran, the current Chairman of the Council of Economic Advisors, to fill a recently vacated seat on the Federal Reserve Board until January 31, 2026.
In a post dated August 7, 2025, Trump stated: "It is my Great Honor to announce that I have chosen Dr. Stephen Miran, current Chairman of the Council of Economic Advisors, to serve in the just vacated seat on the Federal Reserve Board until January 31, 2026. In the meantime, https://t.co/mdpIYiMxpJ".
Later that day, at 21:12 UTC, an update was posted by President Trump News Community: "President Trump News Community - BREAKING https://t.co/UiDiYI7g6Y".
At 21:29 UTC on August 7, another message appeared from Trump's Truth Social account with a link to further information: "Donald J. Trump Truth Social 08.07.25 02:29 PM EST https://t.co/pYZiPW7VUE".
The Federal Reserve Board is responsible for guiding U.S. monetary policy and regulating banks across the country. Appointments to its board are considered significant as they can influence economic direction and financial stability.
Dr. Stephen Miran's previous role as Chairman of the Council of Economic Advisors positions him as an experienced figure in economic policy discussions at the federal level.
