TechFlow, on August 8, according to Jinshi Data, Jay Hatfield, CEO of New York Infrastructure Capital Management, pointed out that Stephen Miran's appointment as interim Federal Reserve governor is somewhat unusual, as he previously served as chair of the President's Council of Economic Advisers and has made some controversial and even logically inconsistent statements, such as advocating forcing people to buy government bonds. However, Hatfield believes this will not affect Miran's duties as a Fed governor. The position is not particularly desirable, and serving a short-term term is not an especially attractive opportunity. The decision is quite pragmatic, as it is difficult to recruit someone from the private sector for such a brief tenure. Market attention remains focused on the nomination of the Federal Reserve chair, but Miran's addition will place greater pressure on Powell to cut interest rates.
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