Trump's pick for the Fed 'fuels an existential threat' as central bank independence is targeted, JPMorgan says

business • 8/9/2025

"The main threat to the Fed independence is not politically motivated turnover shifting the outcome of votes."

The Federal Reserve could be getting more than another dovish vote with the appointment of Stephen Miran as governor. It could signal an intention to amend the Federal Reserve Act and diminish policymakers’ independence, according to analysts at JPMo... [4606 chars]