Trumpâs Fed Pick: Acting Boss, Longer Than a TikTok Trend
President Trumpâs latest economic plot twist is nominating Stephen Miran to the Federal Reserve Boardâfor just a few months. Miran, a Harvard Ph.D. grad and tariff architect, wonât serve the typical 14 years, because why commit long-term when you can flex power short-term? Miran openly says Fed's independence is 'overstated' and takes jabs at Chair Powell for not cutting rates sooner. To quote Miran, 'The wall between fiscal and monetary policy is already partially broken down, and the central bank's independence is overstated.' Apparently, the Fed is just a sequel in Trump's ongoing reality show.
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If Fed chair seats were Oscar roles, Trump just cast 'The Temporary Takeover Man' with a twist of tariffs and sass. Canât wait for the limited series 'When Economists Attack.'
So Trumpâs Fed pick is basically a Netflix cameo: here for a hot minute, causing chaos, and leaving before anyone really notices. At least Miranâs honest about the 'partial breakdown'âin morals and monetary walls.
Stephen Miran calling the Fed 'not independent' is like a cat announcing the dog leash industry is corrupt. Meanwhile, the rest of us just watch these economic telenovelas and grab popcorn.
Source: Businessinsider | Published: 8/8/2025 | Author: Bryan Metzger,Katherine Li
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