Stephen Miran appointed to Fed Board; supports easing regulations. Miran calls for stronger presidential control and Fed accountability. Bitcoin briefly rises as markets anticipate potential rate cut in Sept. US President Donald Trump has appointed Stephen Miran to the Federal Reserve Board of Governors following Adriana Kugler’s resignation. Known as a pro-cryptocurrency advocate, Miran supports easing regulatory policies and a dovish stance on interest rates. “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 January 31, 2026,” Trump announced on his Truth Social page. Miran’s term will last until January 31, 2026, while the administration continues searching for a permanent Board member and a candidate to succeed Jerome Powell as Fed Chair; Powell’s term expires in May 2026. Reports indicate Christopher Waller is the leading candidate from the Trump administration for the chairmanship. Trump has frequently criticized Powell and the Fed’s existing leadership for slow policy responses and has advocated lowering interest rates to boost economic growth. The Federal Reserve recently kept rates unchanged for the fifth consecutive time. In an academic paper, Miran advocated for more direct control of the Fed by the presidential administration to address ”ills” like excessive oversight, lack of accountability, and a diminished focus on fighting inflation. Although Miran has yet to be confirmed by the Senate and faces a Banking Committee hearing, his appointment has already affected market sentiment. Senator Elizabeth Warren has voiced opposition and plans to question Miran’s loyalty during the confirmation process. Market players reacted positively to the news, with Bitcoin briefly climbing above $117,600 before retreating. Greg Magadini, director of derivatives at Amberdata, told Decrypt that Miran is “expected to be dovish, which is what Trump wants,” reflecting market optimism for easing monetary policy. The Federal Reserve’s next interest rate meeting is scheduled for September 16–17, 2025. According to CME data, there is nearly a 90% probability of a rate cut.