Stephen Miran is President Donald Trump's nominee to become the Federal Reserve's next governor, but his name is largely unknown to the American public.

Miran has been a major defender of Trump’s income tax cuts and tariff hikes. He also has played down the risk of Trump’s tariffs generating higher inflation.

President Donald Trump on Friday called for the Federal Reserve's board of governors to usurp the power of Fed Chair Jerome Powell, criticizing the head of the U.S. central bank for not cutting short-term interest rates.

The Federal Reserve will release its interest rates decision Wednesday, but it's unlikely to cut rates. Trump has lobbied against Fed Chair Jerome Powell.

Donald Trump has argued that the Fed would only cut interest rates close to the election to help his political opponents.

JPMorgan Chase & Co.’s top U.S. economist now expects the Federal Reserve will cut interest rates three times in 2025, beginning with a 25-basis-point cut in September.

U.S. President Donald Trump's team is reportedly expanding it search for the next Federal Reserve chief, adding former St. Louis Fed President James Bullard and economic consultant Mark Summerlin to a