President Donald Trump recently nominated one of his economic advisers to the Federal Reserve’s top ranks, but his next choice will be far more consequential — and it’s already taking shape.

President Donald Trump’s nominee to the Federal Reserve Board has implications for the central bank's monetary policy decisions. The president nominated Council of Economic Advisers Chairman Stephen Miran to the Fed to replace Fed governor Adriana Kugler,

By Howard Schneider WASHINGTON (Reuters) -Having railed against the "revolving door" between the executive branch and the U.S. Federal Reserve, Council of Economic Advisers Chair Stephen Miran may now be walking through it after President Donald Trump nominated him to the Board of Governors of an institution Miran would like to radically overhaul.