Trump nominates Stephen Miran as Fed Director

According to Foresight News, Trump posted on Truth Social that he has selected Stephen Miran, the current chairman of the Economic Advisory Council, as chairman of the Federal Reserve Board of Directors, for a term of office until January 31, 2026. At the same time, it will continue to look for long-term replacements for the Federal Reserve. "Stephen Miran has a PhD in Economics from Harvard University and has performed well in my first administration. He has been with me since my second term and his expertise in the economics is unparalleled and will do a great job."

Stephen Miran has been critical of the Fed's performance in recent years, advocating for fundamental reforms to the institution. In a 24-page reform plan co-written with current Treasury Chief of Staff Dan Katz in March 2024, it blames the Fed’s policy mistakes on “group thinking.” The program's report states that the Fed has extended its mandate to political spheres beyond its legal scope.

Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice of this platform. This platform does not make any guarantees for the accuracy, completeness, originality and timeliness of article information, nor is it liable for any losses caused by the use or trust in article information.