Unf*cking The Republic

Stephen Miran Is Going To Be Fed Chair: The Gospel According to Miran.

10 snips
Nov 3, 2025
Stephen Miran is eyeing control over the Fed, leveraging a facade of competence while aiming to undermine its independence. His ties to Trump and surprising policy shifts raise alarm bells about his intentions. The discussion dives into the dangers of reducing Fed autonomy and politicizing economic decisions. There’s a chilling proposal to shift crisis powers directly under presidential control, alongside discussions of tariffs based on outdated theories. Listeners are urged to recognize and combat these authoritarian economic moves.
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INSIGHT

Blueprint To Gut Fed Independence

  • Stephen Miran is positioned to dismantle Federal Reserve independence through policy changes he has publicly proposed.
  • His Manhattan Institute paper outlines step-by-step reforms to place the Fed under presidential control.
INSIGHT

Early Dissent Reveals Allegiance

  • Miran dissented for deeper rate cuts immediately after joining the FOMC, signaling political alignment with Trump.
  • His votes show allegiance may take precedence over traditional Fed independence norms.
INSIGHT

Why Fed Independence Matters

  • The Fed wields enormous daily power via rate setting, open market operations, and lender-of-last-resort functions.
  • Those powers exist precisely to be insulated from short-term political pressures and election cycles.
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