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Reply to "Trump removes Fed Governor Lisa Cook"
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[quote=Anonymous][quote=Anonymous]He’s preparing to replace her with a loyalist. Totally normal. Trump is considering quickly announcing a nominee to succeed Lisa Cook at the Fed. He said he might appoint Stephen Miran, a close economic adviser, to succeed Cook, whom he is seeking to remove from the central bank’s board of governors. Earlier this month, he nominated Miran to fill a different seat on the Fed’s board. Cook, the Fed's first Black female governor, mostly avoided the spotlight before Trump tried to fire her. —WSJ[/quote] Stephen Miran is an ideologue. He said that tariffs would push up the value of the dollar against other countries’ currencies, which would in turn reduce the prices of their goods measured in dollar terms. The opposite has occurred. We'll be at 20% inflation in no time with him at the helm of the Fed.[/quote]
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