According to CoinWorld, on August 8, Jay Hatfield, CEO of New York Infrastructure Capital Management, pointed out that Stephen Miran's position as a temporary member of the Federal Reserve Board of Governors is somewhat unusual, as he was the chairman of the President's Council of Economic Advisers and has made some controversial, even difficult-to-justify remarks, such as forcing people to buy government bonds. However, he personally believes this will not affect his responsibilities as a Federal Reserve Board member. This position is not so ideal, and serving as a temporary member is not particularly attractive. This decision is quite pragmatic, as it is challenging to recruit someone from the private sector for such a short term. The focus of external attention is still on the nomination of the Fed Chair, but Stephen Miran's addition will exert more pressure on Powell for interest rate cuts.
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According to CoinWorld, on August 8, Jay Hatfield, CEO of New York Infrastructure Capital Management, pointed out that Stephen Miran's position as a temporary member of the Federal Reserve Board of Governors is somewhat unusual, as he was the chairman of the President's Council of Economic Advisers and has made some controversial, even difficult-to-justify remarks, such as forcing people to buy government bonds. However, he personally believes this will not affect his responsibilities as a Federal Reserve Board member. This position is not so ideal, and serving as a temporary member is not particularly attractive. This decision is quite pragmatic, as it is challenging to recruit someone from the private sector for such a short term. The focus of external attention is still on the nomination of the Fed Chair, but Stephen Miran's addition will exert more pressure on Powell for interest rate cuts.