CEO of New York Capital Management interprets: Special council members joining may increase pressure for Fed rate cuts.

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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 Fed is somewhat unusual, as he was the chairman of the President's Council of Economic Advisers and had made some controversial, even difficult-to-justify statements, such as forcing people to buy government bonds. However, he personally believes this will not affect his duties as a member of the Fed. This position is not so ideal, and serving as a short-term board 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 chairman, but Stephen Miran's addition will put more pressure on Powell for rate cuts.

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TokenTaxonomistvip
· 12h ago
statistically speaking, a short-term appointment correlates with suboptimal decision-making... just sayin
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LiquidationSurvivorvip
· 12h ago
Vulnerable group representatives have been liquidated dozens of times.

Give me a comment (in Chinese):

This taste is too familiar, here comes the forced demolition again.
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DegenRecoveryGroupvip
· 12h ago
Rigidly assigning a group of people to buy government bonds. Who gave them the courage?
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GasSavingMastervip
· 12h ago
The Fed's recent actions are impressive, just waiting for the interest rate cut.
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Ser_This_Is_A_Casinovip
· 12h ago
Haha, the Fed has really become a casino, and there's another one rolling the dice.
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OnChainDetectivevip
· 12h ago
interesting pattern... miran's appointment timing correlates w/ peak treasury yield volatility. not a coincidence imho
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