Trump taps White House economist Stephen Miran to fill Fed vacancy on temporary basis
President Trump plans to nominate White House economist Stephen Miran to fill a six-month vacancy on the Federal Reserve’s board of governors.
In a post on social media, Trump said he wants Miran to fill the board seat being vacated by Adriana Kugler, whose term expires at the end of January. Kugler announced last week she’s leaving the Fed six months early to return to a teaching post at Georgetown University.
Trump said he will continue to search for a nominee to fill a new, 14-year term on the Fed board that begins early next year. The nominations are subject to Senate confirmation.
Miran currently serves as chairman of the White House Council of Economic Advisers. He also held a post in the Treasury Department during Trump’s first term as president.
Kugler’s departure gives Trump his first opening to shape the seven-member governing board at the Fed since returning to the White House. Trump has criticized Fed chairman Jerome Powell and his colleagues for not moving more aggressively to cut interest rates.
Powell’s term as Fed chairman ends next May, although his term on the governing board runs through 2028. Powell has not said whether he plans to remain on the board once he steps down as chair.
Can Americans learn to love tiny, cheap kei cars?
President Trump recently embraced kei cars, tiny vehicles that are popular in Asia but hard to get in the U.S. Kei car enthusiasts are delighted — but doubt whether much will change.
The DOGE mindset is still central to the Trump administration’s agenda as 2025 ends
The Department of Government Efficiency effort was one of the most consequential and controversial – if not entirely successful – changes the Trump administration made in 2025.
How President Trump reshaped capitalism in 2025
His policies are picking winners and losers — and blurring the lines between business and government.
Here are some of the NPR stories that had a big impact in 2025
A sampling of the stories NPR staff believe made some of the deepest ripples this year — reminders of what rigorous, compassionate journalism can do, and why the work remains as urgent as ever.
How systemic failures turn state mental hospitals into prisons
The share of people with severe mental illness in state psychiatric hospitals accused of serious crimes has risen steeply. The shift has all but halted the possibility of care before a catastrophic crisis.
A prickly Ralph Fiennes uplifts a town through music during WWI in ‘The Choral’
A northern English town loses its best choral singers to fighting in World War I but finds new hope in a time of loss through music in Nicholas Hytner's new film "The Choral," featuring Ralph Fiennes.
