Trump chooses one of his economic advisors as a temporary member of the Fed • International • Forbes Mexico

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Washington, (EFE) .- The president of the United States, Donald Trump, elected economist Stephen on Thursday they look as a new member of the Board of Governors of the Fed after Adriana Kugler’s abrupt resignation.

The president announced this new appointment on the Truth Social Platform, detailing that they look temporarily, until January 31 of next year.

“He has been with me since the beginning of my second term and his experience in the world of economy does not have the same. He will do exceptional job,” Trump added.

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Miran held so far the position of director of the Council of Economic Advisors and has maintained a critical position with the performance of the President of the Federal Reserve, Jerome Powell.

This new appointment and Kugler’s departure coincides with the renewed pressure that Trump applies to the Fed and Powell, to whom he dedicates almost daily messages on his platform, Truth Social, in which he has come to ensure that the president of the entity is “too stupid and political” to hold the position.

Despite the agreed requests of the president, the Federal Open Market Committee (FOMC) of the Fed maintained its key interest rate in its range of 4.25 to 4.5%, although for the first time in years the decision was not unanimous and two of the members voted in favor of lowering the fees. Kugler was in favor of leaving them without changes.

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