Fed Governor Miran says he did not tell Trump how he would vote on rates this week
Federal Reserve Governor Stephen Miran said that on Friday, CNBC said that he talked only with President Donald Trump for a short time before the interest rate decision of this week and did not put pressure on how to vote.
Miran, who voted against a quarter points in favor of the movement twice in this size, said that he made his decision independently.
“He called me to congratulate me on Tuesday morning, and that’s what it was,” the Central Banker said during the interview with “money carriers”. “I didn’t talk to him about how I voted. I didn’t talk to him about my points. [Summary] Economic projections. “
Miran not only voted against the quarter points movement, but also at the end of this year at the end of the Federal Open Market Committee meeting in the “DOT” at the “DOT”. He also sees that longer -term rates are lower than most of their new colleagues.
Trump has concentrated on FED independence since he took office for the second term in January.
The President forces the President Jerome Powell, who is clearly called “too late”, to reduce them in an aggressive way. In previous administrations, the pressure on the Fed was usually made more separately.
Trump also tried to overthrow Governor Lisa Cook and said Powell would replace Powell to alleviate his monetary policy.
Throughout these lines, questions were asked about potential conflicts to get permission as the President of the Economic Consultants Council, rather than resigning. However, he described these concerns as “a little stupid” because he planned to stay in the FED until his time was completed in January 2026.
“If the President told me that I would stay on the sofa in January, I would resign immediately. You know, there would be no question about it.” “You know the fact that people say this, this is a source of motivation to get my full views on Monday and pass. [them] Meticulously in detail, because I feel that I owe the world, taking into account why my views are so different. “
Miran is talking to the New York Economic Club, the main platform for leaders in the business and political world, where Trump is also talking about.
Despite the controversial conditions surrounding his appointment, Miran said that the atmosphere at the meeting was college, including interactions with Cook.
“Everyone was extremely hospitable, extremely gentle and extremely sincere,” he said. “This was a lot of college environment, and I really appreciated it. And it includes the governor Cook.”
In the early hours of the day, Minneapolis Fed President Neel Kashkari presented a job of the atmosphere surrounding Miran’s arrival to FOMC as usual.
Keskari, “This is someone and everyone ‘hey, welcome to the table,’ he says.” Then everyone did their work normally. “
