Stephen Miran Riding High On Record Tariff Revenue

Trump appoints his favorite economist to Fed board of governors

President Donald Trump has appointed the architect of his tariff policy to the Federal Reserve board of governors, replacing Adriana Kugler, who unexpectedly stepped down last week. Stephen Miran is a critic of Fed chairman Jerome Powell, who has refused to cut interest rates for fear of incoming inflation.

“Miran has been effusive in his praise for Pres…