Fed Governor Adriana Kugler announced last week that she plans to vacate her role on Friday.
The White House stressed that a decision was not final until formally announced by Trump.
“President Trump will continue to nominate the most competent and experienced individuals,” White House spokesman Kush Desai said in a statement. “Unless it comes from President Trump himself, however, any discussion about personnel decisions should be regarded as pure speculation.”
The Council of Economic Advisers did not immediately respond to a request for comment.
See also: Fed finally gets some backup in lonely fight to stave off Trump
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 are beyond its remit.
“The Federal Reserve’s record in recent years raises questions about whether it has been operating in line with the best practices of central bank independence,” Miran and Katz wrote.
They called for the separation of monetary policy from banking regulation and supervision at the Fed by stripping the board of its authority over the latter. The change — which would require legislative action — would “avoid unnecessarily polluting the monetary-policy process,” they wrote.
