Stephen Miran wouldn't fully resign his position at the White House while filling the vacant seat on the Federal Reserve's Board if confirmed. He's set to replace Adriana Kugler, who resigned unexpectedly at the beginning of August.

Stephen Miran, currently serving as chair of the White House Council of Economic Advisers, has been tapped to fill an open seat on the Federal Reserve Board at a time when President Trump is working to secure his hold on the central bank.