President Donald Trump said Thursday he will nominate a top economic adviser to the Federal Reserve�s board of governors for four months, temporarily filling a vacancy while continuing his search for a longer-term appointment.

Trump said he has named Stephen Miran, the chair of the White House�s Council of Economic Advisers, to fill a seat vacated by governor Adriana Kugler, a Biden appointee who is stepping down Friday. Miran, if approved by the Senate, will serve until January 31, 2026.

The appointment is Trump�s first opportunity to exert more control over the Fed, one of the few remaining independent federal agencies. Trump has relentlessly criticized the current chair, Jerome Powell, for keping short-term interest rates unchanged.

Miran has been a major defender of Trump�s income tax cuts and tariff hikes, arguing that the combination will generate enough economic growth to reduce budget deficits. He also has played down the risk of Trump�s tariffs generating higher inflation, a major source of concern for Powell.

(AP)