U.S. President Donald Trump on Thursday said he will nominate Council of Economic Advisers Chairman Stephen Miran to serve out the final few months of a newly vacant seat at the Federal Reserve while the White House seeks a permanent addition to the central bank's governing board and continues its search for a new Fed chair.

President Trump announced Thursday that he'll nominate Stephen Miran, chair of his Council of Economic Advisers, to serve out an unfinished term on the Federal Reserve Board. If the Senate confirms him,