Trump's Fed Nominee Sparks Concerns Over Central Bank Independence
TL;DR Summary
JPMorgan analysts warn that President Trump's appointment of Stephen Miran to the Federal Reserve could signal efforts to weaken the Fed's independence by proposing reforms that increase presidential influence and potentially amend the Federal Reserve Act, raising concerns about political interference in monetary policy.
Topics:business#central-bank-independence#federal-reserve#federal-reserve-act#finance#miran-appointment#trump-administration
- Trump's pick for the Fed 'fuels an existential threat' as central bank independence is targeted, JPMorgan says Fortune
- Trump made his MAGA Fed pick. His next choice will be far more consequential CNN
- Sudden Fed Resignation Surprised Colleagues and Gave Opening for Trump The Wall Street Journal
- JPMorgan Says Treasury Curve Can Steepen on Miran Fed Pick Bloomberg.com
- Trump's Fed pick has envisioned a major overhaul of the central bank Axios
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