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President Donald Trump said he had chosen Council of Economic Advisers Chairman Stephen Miran to serve as a Federal Reserve governor.

“He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled — He will do an outstanding job,” Trump said in a social media post.
Trump said that Miran, who will need to be confirmed by the US Senate, would only serve the expiring term of Fed Governor Adriana Kugler, which ends in January. 
“In the meantime, we will continue to search for a permanent replacement,” Trump said. The Federal Reserve did not immediately respond to a request for comment.

Miran has been critical of the Fed’s track record in recent years. In a March 2024 paper, Miran and Dan Katz, now chief of staff at the Treasury Department, laid out a 24-page plan for reforming the Fed that blames policy errors at the central bank on “groupthink.” It also takes the Fed to task for having expanded into political areas that they argue are beyond its remit.

Today's show features:
Bloomberg TV and Radio International Economics & Policy Correspondent Mike McKee on Federal Reserve
Bloomberg News US Semiconductor & Networking Reporter Ian King on President Donald Trump’s criticism of Intel CEO Lip-Bu Tan
Governor Christopher Waller emerging as a top candidate to serve as the central bank's next chair
Dr. Gracelin Baskaran, Director of the Critical Minerals Security Program at the Center for Strategic and International Studies, and Bloomberg News Economic Statecraft Reporter Joe Deaux on the rare earth materials market
Dr. Angela Stent, Senior Fellow at the Brookings Institution, on the latest developments between the US and Russia surrounding the War in Ukraine

Watch Bloomberg Businessweek Daily LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>. President&nbsp;Donald Trump&nbsp;said he had chosen Council of Economic Advisers Chairman&nbsp;Stephen Miran&nbsp;to serve as a Federal Reserve governor. &ldquo;He has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled &mdash; He will do an outstanding job,&rdquo; Trump said in a&nbsp;social media post. Trump said that Miran, who will need to be confirmed by the US Senate, would only serve the expiring term of Fed Governor&nbsp;Adriana Kugler, which ends in January.&nbsp; &ldquo;In the meantime, we will continue to search for a permanent replacement,&rdquo; Trump said. The Federal Reserve did not immediately respond to a request for comment. Miran has been critical of the Fed&rsquo;s track record in recent years. In a March 2024 paper, Miran and Dan Katz, now chief of staff at the&nbsp;Treasury Department, laid out a 24-page plan for reforming the Fed that blames policy errors at the central bank on &ldquo;groupthink.&rdquo; It also takes the Fed to task for having expanded into political areas that they argue are beyond its remit. Today's show features:
<ul>
<li>Bloomberg TV and Radio International Economics &amp; Policy Correspondent Mike McKee on Federal Reserve</li>
<li>Bloomberg News US Semiconductor &amp; Networking Reporter Ian King on President Donald Trump&rsquo;s criticism of Intel CEO Lip-Bu Tan</li>
<li>Governor Christopher Waller emerging as a top candidate to serve as the central bank's next chair</li>
<li>Dr. Gracelin Baskaran, Director of the Critical Minerals Security Program at the Center for Strategic and International Studies, and Bloomberg News Economic Statecraft Reporter Joe Deaux on the rare earth materials market</li>
<li>Dr. Angela Stent, Senior Fellow at the Brookings Institution, on the latest developments between the US and Russia surrounding the War in Ukraine</li>
</ul>

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Trump Names Miran to Fill Seat on Federal Reserve Board

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b8cb9550-eb6a-4dfa-884a-b332015fc642/transcript

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