On Thursday, August 7, U.S. President Donald Trump announced his intention to nominate Stephen Miran, the current chairman of the Council of Economic Advisers, to a position as a Federal Reserve governor. Miran's nomination comes in the wake of Adriana Kugler's unexpected resignation to return to her academic role at Georgetown University. This appointment is pending Senate approval and would allow Miran to serve until January 31, 2026.
Miran has previously advocated for significant changes to Federal Reserve governance, suggesting a reduction in the length of board member terms, ensuring clearer oversight by the presidency, and addressing the issue of the so-called "revolving door" between the Fed and the executive branch. Additionally, President Trump has been vocal about his desire for the Fed to lower interest rates, a request that has so far gone unmet. If Miran's nomination is confirmed, he would have a crucial role in shaping monetary policy at the Fed, participating in key votes on financial decisions made by the board.
5 Comments
Fuerza
The President is standing up for what he thinks is best. The economy is important and having someone in office with his mind will help a ton.
Manolo Noriega
Good to see a fresh perspective. Miran has a clear view on the future of the Fed.
Fuerza
Miran understands the need for change and will likely put that view into action.
Ongania
Trump has made good decisions so far. This will push the country in a new direction.
Manolo Noriega
Trump meddling in the Fed? This is a blatant attempt to politicize monetary policy.