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Trump appoints new Fed governor

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President Donald Trump has selected Council of Economic Advisors Chair Stephen Miran to serve on the Federal Reserve Board of Governors.

Miran was chosen to succeed Adriana Kugler, who recently resigned. Kugler's term expires in January 2026.

"In the meantime, we will continue to search for a permanent replacement," Trump said on Truth Social.

Read more from CNBC.

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