What the Fed Actually Does

Stephen Miran isn’t auditioning to run the Federal Reserve. He’s auditioning to destroy it. Like so many in Trump’s sphere, Miran was selected for his ability to appear like he’s doing the right thing and making the tough choices. In reality, he exists to destroy the thing he’s spent his entire life trying to be a part of. Miran is a highly educated and competent analyst whose academic veneer and projection of empathy belie his craven desire for power and to eradicate the independence of the Fed and place it under direct authority and control of the president. And make no mistake, when Jerome Powell’s term is up, this is who will be in charge of the Fed.

Chapters

Intro: 00:01:00

Chapter One: The Audition. 00:02:10

Chapter Two: The Power and Powers of the Fed. 00:07:15

Chapter Three: Who Is This Numbnut? 00:13:06

Chapter Four: Consistently Inconsistent. 00:18:34

Bring It Home, Max: 00:23:46

Resources

Federal Reserve Board: Stephen I. Miran

Barron’s: Last Year, Trump’s New Man at the Fed Thought Rates Were Too Low. What Changed

Miran’s Articles + White Papers

City Journal: Is Having the Reserve Currency Good for the U.S.?

Manhattan Institute: The Fed Isn’t as Independent as It Seems

Manhattan Institute: The Fed Doesn’t Need to Cut. Financial Conditions Are Already Loosening.

Manhattan Institute: The Fed Is Facing a Changed World. The Case Against Cuts.

Hudson Bay Capital: A User’s Guide to Restructuring the Global Trading System 

Manhattan Institute: Reform the Federal Reserve’s Governance to Deliver Better Monetary Outcomes

--

If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, TikTok and Instagram at @UNFTRpod. Visit us online at unftr.com. Join our Discord at unftr.com/discord.

Become a member at unftr.com/memberships.

Buy yourself some Unf*cking Coffee at shop.unftr.com.

Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.

Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility.

Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is hosted by Max and distributed by 99.

Support the show: https://www.unftr.com/memberships

See omnystudio.com/listener for privacy information.