JPMorgan sees Trump’s nomination of Stephen Miran to the Fed board as a problem

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Donald Trump’s pick of Stephen Miran for Federal Reserve governor is attracting attention beyond his image as someone who favors low interest rates. JPMorgan’s analysts think that Trump choosing Miran might be part of a bigger plan to change the Federal Reserve Act, the law that defines the Fed’s powers, as reported by Fortune. According to a report by Fortune , this could reduce the Fed’s ability to make decisions without political interference. On Thursday, Trump named Miran , who currently ch...