Donald Trump Appoints Stephen Moran as a Fed Member

The President of the United States, Donald Trump, announced the appointment of Dr. Stephen Moran, who was president of the Council of Economic Advisors, to be a member of the Board of Directors of the Federal Reserve. Dr. Moran will replace Adriana Kugler, who published her resignation before the expected end of the mandate in January 2026.

President Trump noted that Dr. Moran will serve as a member of the Fed board of directors until January 31, 2026. In the meantime, President Trump has continued to refine a permanent replacement in addition to another person to replace the president of the current Fed.

“In the meantime, we will continue to seek a permanent replacement. Stephen has a doctorate in economics from Harvard University and served with distinction in my first administration. He has been with me since the start of my second term, and his expertise in the world of economics is unprecedented,” noted Trump.

Why the Bitcoin and Crypto market rebounded on the appointment of the Moran Fed

Bitcoin Price led the larger Altcoin market in a bounce bond on Thursday following a series of positive news with high impact. The cryptography market has followed the price of gold in a bullish feeling in the last 24 hours, reporting a potential summer of a parabolic crypto to come.

The appointment of Dr. Moran to the board of directors of the Federal Reserve coincided with a drop in rates by the Bank of England to 4%. In particular, the Trump administration has put pressure on the Fed to reduce its reference interest rates to stimulate economic growth in the country in vain in the last six months.

Consequently, President Trump stressed that the appointment of a new president of the Fed is underway. In the end, changes in the current Fed should result in a drop in rate possibly in September 2025.