President Trump on Thursday said he would nominate Council of Economic Advisers head Stephen Miran to fill a vacant seat on the Federal Reserve Board of Governors. Why it matters: The pick comes as the White House continues its pressure campaign to get lower interest rates.

Miran has been a major defender of Trump’s income tax cuts and tariff hikes. He also has played down the risk of Trump’s tariffs generating higher inflation.

White House officials are preparing for President Donald Trump to nominate Council of Economic Advisers Chairman Stephen Miran to serve as a Federal Reserve governor, according to a person familiar with the search.