President Trump nominates Miran to Federal Reserve’s Board of Governors

Description

US President Donald Trump has appointed Council of Economic Advisors chairman Dr Stephen Miran to temporarily fill a vacancy in the Federal Reserve’s Board of Governors. The Thursday appointment also comes amid months of pressure on Fed Chairman Jerome Powell to step down demanding the board stage a coup to lower interest rates. The Fed lowers rates to allow individuals and businesses to borrow more easily. On the other hand, to fight rising prices, it raises interest rates to make borrowing mor...