US EditionTwo Fed Governors, One Trump Tried to Oust and Her Replacement, Both Show up for Key Meeting
The Trump administration's swift appointment of Stephen Miran contrasts with its legal efforts to remove Governor Lisa Cook, challenging the Federal Reserve's traditional independence.
- On Tuesday, the Federal Reserve convened an important two-day meeting on interest rate policy, attended by both newly sworn-in governor Stephen Miran and Fed governor Lisa Cook.
- This meeting followed the Senate's confirmation of Miran late Monday after a swift six-week process, while an appeals court upheld a ruling that Cook's firing violated her due process rights.
- Both Cook, whom the Trump administration unsuccessfully tried to remove, and Miran, a top White House economist, are participating in the rate-setting meeting expected to decide on a quarter-point rate cut.
- A spokesperson for the White House stated that the President had legally dismissed Cook for cause and that the Administration plans to challenge the court ruling, while Miran rejected claims of being controlled by the administration.
- With three Trump appointees now on the seven-member Fed board, including Miran, the meeting could be unusually contentious and may accelerate shifts in monetary and digital asset policies.
34 Articles
34 Articles
Washington. Stephen Miran, adviser to President Donald Trump, officially became one of the governors of the United States Federal Reserve (Fed) yesterday, just in time to participate in a key meeting on interest rates.
Two Fed governors, one Trump tried to oust and her replacement, both show up for key meeting
After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.
Associated Press News
Fed convenes meeting with a governor newly appointed by Trump and another he wants to oust
After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.
Trump's Fed Takeover: Three Crypto-Friendly Governors Now in Place
The Senate's confirmation of Stephen Miran to the Federal Reserve Board on Monday completes a strategic reshaping of the central bank, giving U.S. President Donald Trump three governors viewed as favorable to cryptocurrency and financial innovation.I am deeply grateful to Chairman @SenatorTimScott , the Banking Committee, and the Senate for its vote of conifdence in me. During my time at the Fed, I will do my best to provide rigorous, independen…
In this episode we are talking about the beginning of the two-day meeting of the Open Market Committee of the North American Federal Reserve and the rejection of the application of the Trump administration to allow the Governor of the North American Federal Reserve, Lisa Cook. We are going through the golden price and the privatization of the SATA Air Company. We end with information on the monthly biolithial subsidy of the General Box of Presen…
Pro-Crypto Stephen Miran Sworn in as Fed Governor Ahead of FOMC Meeting
Pro-crypto Stephen Miran is now officially a member of the Federal Reserve board. This development comes ahead of the FOMC meeting, where the Fed is likely to make a rate cut, which could significantly impact Bitcoin and the broader crypto market. Stephen Miran Joins Fed Board Ahead of FOMC Meeting In a press release, the The post Pro-Crypto Stephen Miran Sworn in as Fed Governor Ahead of FOMC Meeting appeared first on CoinGape.
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