Trump Considering Stephen Miran and David Malpass as Successors to Lisa Cook on the Fed Board
JH Kim
Summary
- President Donald Trump is reportedly considering Stephen Miran and David Malpass as successors for the Fed Board seat.
- In particular, Stephen Miran is noted for advocating the improvement of the U.S. trade deficit through aggressive policies such as tariffs.
- It was reported that potential changes in Fed policy could impact the financial markets and trade environment.
According to The Wall Street Journal (WSJ) on the 26th (local time), U.S. President Donald Trump has shortlisted Stephen Miran, Chairman of the White House Council of Economic Advisers, and David Malpass, former President of the World Bank, as candidates to succeed recently dismissed Fed Board member Lisa Cook.
Stephen Miran, in particular, drew attention last year when he released a global trade system restructuring guide, advocating the improvement of the U.S. trade deficit through aggressive policy measures such as tariffs.
JH Kim
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