Bloomberg Businessweek Trump Names Miran to Fill Seat on Federal Reserve Board
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Aug 7, 2025 Gracelyn Baskaran, a critical minerals expert, discusses the strategic importance of rare-earth magnets amid U.S.-China trade tensions. Angela Stent, a senior fellow and former intelligence officer, delves into the complex U.S.-Russia-Ukraine diplomatic landscape, highlighting the challenges of ceasefire negotiations. Mike McKee provides insights on the nomination of Stephen Miran to the Federal Reserve and the implications for U.S. economic policy. They explore how recent geopolitical issues are shaping financial strategies and national security initiatives.
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Stephen Myron's Fed Nomination
- Stephen Myron is nominated as a temporary Federal Reserve governor filling Adriana Kugler's expiring term.
- His confirmation could be expedited due to prior clearance, but Senate schedule and government funding concerns might slow the process.
Limited Impact of Myron's Term
- Myron, a Fed critic, would serve only until January 2026, limiting his influence on policy.
- The Fed appears positioned to cut rates regardless of his presence, given current economic data.
U.S. Semiconductor Industry Pressures
- President Trump has increased tariffs on semiconductors and criticized Intel's CEO for conflicts of interest.
- Intel faces political and security scrutiny amid efforts to rebuild U.S. chip manufacturing.
