The position, which comes with a spot on the interest rate-setting Federal Open Market Committee, comes after Fed Gov. Adriana Kugler resigned early.

President Donald Trump said Thursday he will nominate a top economic adviser to the Federal Reserve’s board of governors for four months, temporarily filling a vacancy while continuing his search for a longer-term appointment.

Stephen Miran, the short-term pick to fill the seat, may give Trump a foothold at the Federal Reserve as the president pushes for lower interest rates.