Trump’s Fed Pick Is a Dove. How Miran Could Move the Market. Wall Street shrugged at President Donald Trump’s plan to nominate his economic adviser, Stephen Miran, to the Federal Reserve.

Stephen I. Miran may spend only a few months on the central bank’s board of governors, but in that time he can influence the discussions around interest rates and who will become the institution’s next leader.

Trump nominated Miran on Thursday to fill a seat vacated unexpectedly by Adriana Kugler, who leaves the Fed on Friday to return to a teaching post at Georgetown University.