Irony is pretty much dead as Trump’s chief economist was finalized as a Fed Governor just minutes before the FOMC meeting begins. Trump said ‘the Fed needs to be independent’ as his official — who hasn’t even resigned from his job as chair of the Council of Economic Advisers — got the final Presidential signature.
The only question now is whether Miran supports at 25 bps cut or immediately walks into the room and dissents for 50 bps.
This article was written by Adam Button at investinglive.com.