Fed Governor Adriana Kugler announced last week that she plans to vacate her role on Friday.
White House officials are preparing for President Donald Trump to nominate Council of Economic Advisers Chairman Stephen Miran to serve as a Federal Reserve governor, according to a person familiar with the search.
Trump said Wednesday he would likely nominate a temporary governor to fill the seat, rather than a successor-in-waiting for Chair Jerome Powell, who he has heavily criticized over monetary policy. Miran, if nominated and approved by the Senate, is only expected to serve a term that expires in January, according to the person, who requested anonymity to discuss internal deliberations.
