Capital Economics: Trump's nomination of his economic adviser to the Federal Reserve is a welcome surprise
2025-08-08 09:02:27
Paul Ashworth, an economist at Capital Economics, wrote that President Trump's nomination of his economic adviser, Stephen Millan, to the Fed's board of governors was a good choice. Millan is currently set to fill the Fed board vacancy in the short term, but Ashworth said he could be re-nominated, especially if he leans toward the rate cuts Trump has loudly endorsed. The move was "a welcome surprise".
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