Trump’s Fed Pick Seeks Overhaul of Central Bank

“In naming Stephen Miran to the governor spot vacated Friday as Adriana Kugler steps aside, President Trump is seeking to place someone who wants a root-and-branch overhaul of the Fed inside the central bank,” Axios reports.

“In the near term, Miran will, if confirmed, be a voice for Trump’s desired interest rate cuts.”

“But Miran’s critique of how the Fed operates goes much deeper — and his conception of central bank independence is distinctly non-mainstream.”