Trump will nominate Miran for fed chair?
This is very important and could have a lasting implication to Fed policies.
If you ever read or heard of Miran report or the so called-Mar-A-lago accord, you probaly know of him.
He is the major thinker behind what Trump is doing---highter tariff and lower interest rate, weaker US dollar.
Who is this guy? this guy may be the reason, that street bought up the market at the close.
BTW, who, who is him.
Stephen Miran. Yes, it is him.
The bold, young, bright guy. He is not a main stream thinker. He is a disruptive thinker, helping trump enginerred his economic policies.
What is his major economic policies framework?
1. what use did in past serverl decades were wrong?
2. Higher tariff--the trade imblance between US and the rest of the world is wrong. US tariff to rebalance it.
3. weak dollar--dollar is way overvalued, need to depreciate greatly.
4. Using tariff to substite domestic taxation
5. the logical monetary conclustion from his thinking would be lower rate, or even QE . Those could weak the dollar a lot.
He made a news on the street today. Every trade desk is talking about him.
For more about his thinking go to google.
