Skip to content
View in the app

A better way to browse. Learn more.

ASEAN NOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Trump Taps Stephen Miran for Fed Seat

Featured Replies

250807-stepen-miran-ew-447p-ef225d.webp

Picture courtesy of AP

 

Donald Trump has put forward Stephen Miran, a staunch supporter of his tariff policies, for a temporary spot on the Federal Reserve's Board of Governors. Miran, a driving force behind Trump's economic strategies, currently chairs the Council of Economic Advisers and is recognised for shaping the administration's stance on tariffs. His nomination fills the vacancy left by Adriana Kugler, appointed by Joe Biden, who recently resigned.

 

Miran, known for his advocacy of economic principles aligning with Trump's agenda, may bring fresh perspectives to the Fed with his support for lower interest rates. With a recent dissent during the Fed's decision to hold borrowing costs steady, Miran’s influence could sway future economic policies. The Senate's timeline for confirming Miran remains uncertain, but there's potential for him to be in place for the mid-September policy meeting.

 

The confirmation process could take weeks, or even months, according to experts like Brian Gardner from Stifel. If approved, Miran could eventually be elevated to Fed chair, following a path similar to past leaders such as Janet Yellen. Current Chair Jerome Powell's future role remains unclear as Trump continues to criticise him, despite Powell's term running until 2028.

 

Stephen Miran's impressive resume includes a Harvard education and influential roles in fiscal and trade policy. His work at the Treasury during Trump’s first term and as a senior strategist at global investment firm Hudson Bay Capital, coupled with his academic contributions, position him as a well-rounded candidate. His November 2024 paper advocating for a tariff-focused approach to address US trade deficits was widely circulated in financial circles.

 

Miran’s outspoken endorsement of tariffs and his belief in their success in bolstering American workers reflect his confidence in the strategy. While his views on the Fed have been reserved, his support for lower interest rates aligns with Trump's record, which he ardently praises. If Miran secures the Fed position, his presence could influence the direction of the US central bank under Trump’s administration.

 

image.png  Adapted by ASEAN Now from CNN 2025-08-08

 

image.png

I wonder if he knows who pays the tariffs?


Or even cares!

 

A review of his history will not reassure.

13 hours ago, webfact said:

may bring fresh perspectives to the Fed with his support for lower interest rates.

The Board of Governors of the Federal Reserve System has seven members. Current voting has been 2 to 5 supporting Powell's economic agenda. Miran's vote against Powell will fail to get the necessary majority until Powell runs out his governance or more members leave.

18 hours ago, Patong2021 said:

A review of his history will not reassure.

Show us his resume.

6 minutes ago, Yagoda said:

Show us his resume.

Look at his past  and you will see a conflict of interest now, and you will see  SEC regulatory actions.

6 minutes ago, Patong2021 said:

Look at his past  and you will see a conflict of interest now, and you will see  SEC regulatory actions.

Your the one making claims. Show us his qualifications or lack thereof.

Hey at least this one has credentials unlike most of the other cabinet picks he’s managed to force in,let’s hope Powell can keep the thieves at bay for a bit longer.

7 hours ago, Yagoda said:

Your the one making claims. Show us his qualifications or lack thereof.

 

I have not questioned his qualifications. I am pointing out the conflict of interest and his past association with Hudson Bay Capital.

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.