President Donald Trump has nominated Council of Economic Advisers Chairman Stephen Miran to the Federal Reserve Board, impacting monetary policy decisions. Miran, a PhD economist from Harvard, criticized the Fed for cutting rates but now supports rate cuts. He advocates for a weaker dollar to offset inflation from tariffs. Miran’s proposed “Mar-a-Lago Accord” aims to devalue the dollar while retaining its reserve currency status. He has also called for major changes to the Fed, which could politicize the central bank. However, with only one temporary vote, he may not have a significant impact. Fed Chair Jerome Powell and the majority of the committee remain cautious on rate decisions.

Read more at Yahoo Finance: 3 things you need to know about Trump’s nominee for the Fed