Trump Appoints Pro-Crypto Stephen Miran to Federal Reserve Board
Main Idea
Stephen Miran has been appointed to the Federal Reserve Board of Governors, with a dovish stance on monetary policy, sparking positive market reactions and speculation about easing regulations.
Key Points
1. Stephen Miran was appointed to the Federal Reserve Board of Governors following Adriana Kugler’s resignation, with a term lasting until January 31, 2026.
2. Miran is known for his dovish stance on monetary policy, aligning with Trump’s preference for easing regulations to stimulate economic growth.
3. Market players reacted positively to the news, with Bitcoin briefly climbing above $117,600, reflecting optimism for potential monetary policy easing.
4. Senator Elizabeth Warren opposes Miran’s appointment and plans to question his loyalty during the confirmation process.
5. The Federal Reserve’s next interest rate meeting is scheduled for September 16–17, 2025, with a high probability of a rate cut anticipated.
Description
Stephen Miran appointed to Fed Board; supports easing regulations. Miran calls for stronger presidential control and Fed accountability. Bitcoin briefly rises as markets anticipate potential rate cut in Sept. US President Donald Trump has appointed Stephen Miran to the Federal Reserve Board of Governors following Adriana Kugler’s resignation. Known as a pro-cryptocurrency advocate, Miran supports easing regulatory policies and a dovish stance on interest rates. “It is my Great Honor to announce ...
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