Biden appointee Adriana Kugler hasn’t said why she is leaving. Her departure comes at a precarious time for the central bank.

Trump nominated Miran on Thursday to complete Kugler’s term, which expires on Jan. 31. Trump has been demanding that Chair Jerome Powell and his Fed colleagues lower rates. He has said the Fed’s policy rate should be at 1%,

Still his nomination to fill the temporary open seat on the Federal Reserve was unexpected. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter The Biden appointee is returning to her academic role as a professor of public policy at Georgetown University’s McCourt School of Public Policy.

James Bullard, a former St. Louis Fed president, and economic consultant Marc Sumerlin are in the running to succeed Jerome Powell.

U.S. President Donald Trump's team is reviewing new contenders to lead the Federal Reserve once Chair Jerome Powell's term ends in May, including a longtime economic consultant and a past regional Fed president,

President Donald Trump's economic advisers have expanded the pool of potential successors to Federal Reserve Chair Jerome Powell, according to [a Wall Street Journal report](

The position, which comes with a spot on the interest rate-setting Federal Open Market Committee, comes after Fed Gov. Adriana Kugler resigned early.

Stephen Miran has also questioned the Fed’s institutional legitimacy, highlighting how policy debates have evolved into broader disagreements.