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Miran Nomination

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business4 months ago•5 min saved

Senate Approves Trump Nominee Stephen Miran for Fed Governor

Stephen Miran, a White House economic adviser, advanced closer to becoming a Federal Reserve governor through a Senate Banking Committee vote, aligning with President Trump's efforts to influence Fed policy and potentially impacting interest rate decisions amid ongoing political and economic developments.

via Reuters|

#business #fed-appointment #federal-reserve

business5 months ago•3 min saved

Major Banks Forecast Multiple Fed Rate Cuts Amid Policy and Political Developments

JPMorgan's chief U.S. economist now predicts the Federal Reserve will cut interest rates four times in 2025, starting with a 25-basis-point cut in September, influenced by President Trump's nomination of Stephen Miran to the Fed board, which may impact the Fed's policy decisions amid ongoing economic assessments.

via MarketWatch|

#business #fed-rate-cuts #federal-reserve