Trump reportedly considering same aide he has nominated to serve out another Fed board member’s term. Key US politics stories from Tuesday 26 August
Donald Trump has suggested he already has a replacement in mind for the Federal Reserve governor he is trying to force, even as Lisa Cook said she would sue the administration over her removal.
Speaking during a cabinet meeting lasting more than three hours on Tuesday, the US president said: “We have some very good people for that position. I think, maybe in my own mind, I have somebody that I like.”
Trump said he would consult Scott Bessent, the treasury secretary, and Howard Lutnick, the commerce secretary.
Trump is reportedly considering the possibility of naming his economic adviser Stephen Miran to serve out the remainder of Cook’s term, which does not expire until 2038. Earlier this month, Trump nominated Miran to serve for a much shorter term, as a replacement for another member of the Fed’s board, Adriana Kugler, a Biden nominee who was due to be replaced in five months.
