Trump on Thursday picked the Council of Economic Advisers Chairman to serve out the final few months of an open spot on the Fed Board, following Fed Governor Adriana Kugler's surprise resignation last week.
The news hardly elicited a response from markets on Friday, with Miran's chances of winning Senate confirmation still uncertain. The economist has called for a complete overhaul of the Fed's governance.
But one thing's for sure - should Miran join the Fed, he would most certainly vote to lower rates.
And even in a placeholder role, his appointment would give Trump a potentially more direct route to pursue his desire for easier monetary policy and sway over the world's most influential central bank.
Trump also said that the White House continues to search for someone to serve in the 14-year Fed Board seat that opens February 1 and is also weighing options for a successor to Fed Chair Jerome Powell, whose term ends May 15, 2026.
Bloomberg News reported on Thursday that Fed Governor Christopher Waller is emerging as a top candidate to be the central bank's next chair and has met with members of Trump's team, who are impressed with him.
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