Trump taps top economic aide for vacant Fed seat
'It is my Great Honor to announce that I have chosen Dr Stephen Miran, current Chairman of the Council of Economic Advisors, to serve in the just vacated seat on the Federal Reserve Board until Jan 31, 2026,' he announced on his website, Truth Social.
'In the meantime, we will continue to search for a permanent replacement,' Trump added.
Miran will finish out the term of Adriana Kugler, an appointee of former president Joe Biden who announced her resignation last week.
The personnel shift comes as the Fed faces intensifying pressure under Trump, who has repeatedly criticised the central bank's chief Jerome Powell for not lowering interest rates sooner.
Miran, who obtained a PhD in economics from Harvard, has advocated in favour of tariffs and moving away from a strong US dollar, which he argues makes US exports less competitive and harms American manufacturing.
Miran's 41-page essay titled 'A User's Guide to Restructuring the Global Trading System' has been seen as providing rationale for Trump's aggressive trade policies.
Trump said Miran would do an 'outstanding' job in his new post.
'Has been with me from the beginning of my Second Term, and his expertise in the World of Economics is unparalleled,' Trump wrote. 'Congratulations Stephen!' AFP
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Encouraged by this progress, he continued his medication and therapy with a psychologist at KTPH. However, Mr Ng experienced a return of his symptoms around nine months later, and went for a second course of TMS in early 2023. To sustain these gains, he has continued with monthly maintenance TMS ever since. He pays for his sessions, as the maintenance sessions are not covered under MediShield Life, which covers up to 24 sessions for the first round of TMS treatment, and up to 15 sessions if the treatment is repeated. TMS became available in Singapore in 2015, when Promises Healthcare in the private sector brought it in. IMH started offering it soon after for patients with treatment-resistant depression. About three years ago, it started to use it for patients with OCD. In 2024, IMH started clinical trials to study a personalised form of TMS, which involves mapping a person's brain using scans to locate a precise spot to target during the stimulation. 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