Analyst: Stephen Miran joining the Fed will put more pressure on Powell to cut interest rates.

On August 8, Jay Hatfield, CEO of New York Infrastructure Capital Management, pointed out that Stephen Miran's appointment as a temporary member of the Federal Reserve Board of Governors is somewhat unusual, as he was the chairman of the President's Council of Economic Advisers and has made some controversial and even difficult-to-explain remarks, such as forcing people to buy government bonds. However, he personally believes this will not affect his duties as a Federal Reserve Board member. This position is not so ideal, and serving as a short-term member is not particularly attractive. This decision is quite pragmatic, as it is difficult to recruit someone from the private sector for such a short term. The external focus is still on the nomination of the Fed chair, but Stephen Miran's addition will put more pressure on Powell for interest rate cuts. ( Jin10 )