President Donald Trump is preparing to move swiftly to nominate a successor to Federal Reserve Governor Lisa Cook, according to a Wall Street Journal report citing people familiar with the discussions. The president has told advisers he wants to announce a candidate quickly after informing Cook this week that he intends to dismiss her from the seven-member Board of Governors. Former Treasury official Stephen Miran and former World Bank President David Malpass are among the names under active consideration. Replacing Cook with either Miran or Malpass would give Trump-appointed governors a 4–3 voting majority, potentially tilting the central bank’s policymaking in a more conservative direction ahead of its next interest-rate decisions.