President Donald Trump said Thursday he will nominate Stephen Miran, chair of the White House Council of Economic Advisers, to serve as a temporary member of the Federal Reserve Board, filling a vacancy created by the departure of Gov. Adriana Kugler, The Hill reported.

The move comes as the GOP-controlled Senate prepares to consider several key financial appointments and as the administration eyes a long-term shift in leadership at the central bank.

In a post on Truth Social, Trump praised Miran’s economic expertise and loyalty.

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