If confirmed, Stephen Miran, the current chair of the Council of Economic Advisers, would temporarily fill a position left vacant by Adriana Kugler, who is stepping down early.

President Donald Trump has nominated Stephen Miran, current chair of the Council of Economic Advisors, to the Federal Reserve Board of Governors. Miran will replace Adriana Kugler, who resigned recently.

Federal Reserve governor Adriana Kugler's resignation creates high odds that the nation will soon learn who the next leader of the central bank will be. Why it matters: There is a high likelihood that President Trump's nominee to the vacant post will join the Fed well before the chairmanship of its current leader,