On August 7, 2025, local time, President Trump of the United States announced his selection of Stephen Moore, the current chairman of the White House Council of Economic Advisers, to occupy a vacant position on the Federal Reserve Board of Governors. Moore's term will extend until January 31, 2026. Additionally, Trump noted that he would persist in his search for candidates for long-term appointments at the Federal Reserve. During Trump's first presidential term, Moore served as a Senior Economic Policy Advisor at the U.S. Department of the Treasury and holds a Ph.D. in Economics from Harvard University. With over a decade of experience in financial markets, Moore has held roles as a Senior Strategist at Hudson Bay Capital Management and as an Economics Fellow at the Manhattan Institute. His research in economic policy has been featured in various academic journals and news media outlets.