Move comes amid president’s suggestions that his administration could fully take over running the city

President Donald Trump on Thursday said he will nominate Council of Economic Advisers chairman Stephen Miran to serve out the final few months of a newly vacant seat at the Federal Reserve while the White House seeks a permanent addition to the central bank’s governing board and continues its search for a new Fed chair.

Miran, who has called for a complete overhaul of the Fed’s governance, will take over from Fed Governor Adriana Kugler following her surprise resignation last week, as she returns to her tenured professorship at Georgetown University.