JP Morgan Chase: Trump's appointment of Milan as a Federal Reserve governor will steepen the yield curve
2025-08-08 11:42:30
If Mr. Trump succeeds in appointing key members of the Federal Reserve, the Treasury yield curve could steepen from its highest level in four years, according to strategists at JPMorgan. The spread between US five-year and 30-year Treasury yields widened on Thursday after Mr. Trump chose Stephen Millan, chairperson of the Council of Economic Advisers, as a Fed governor. The appointment is subject to Senate approval. "Millan has consistently argued that the Trump administration's trade, immigration and deregulation policies are all anti-inflationary," JPMorgan analysts, led by Jay Barry, wrote in a note released late on Thursday. " To some extent, this supports more dovish Fed policy and the steepening of the curve this afternoon. "
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
TeraWulf 2025年第二季度收入为 4760 万美元
