00:00President Donald Trump nominated Dr. Stephen Mirren, chair of the Council of Economic Advisers,
00:05to fill the vacancy created by the early resignation of Fed Governor Adriana Kugler.
00:10Mirren will serve in the role until January 31st of next year,
00:14while the White House continues its search for a permanent appointee.
00:17His nomination is seen as a strategic move to inject a loyal voice into the Fed,
00:22amid continued friction with Chair Jerome Powell over interest rate policy.
00:26Senate confirmation for the role is required, but Mirren's short seat-warmer tenure may limit his immediate influence on monetary policy.
Comments