MNI POLITICAL RISK - Trump Taps Loyalist Miran For Fed

Aug-08 12:34By: Adam Burrowes
Donald Trump+ 4

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Executive summary:

  • President Donald Trump will sign a peace accord with Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev. 
  • Trump nominated CEA Chair Stephen Miran to fill the Federal Reserve Board of Governors seat vacated by Adriana Krugler.
  • Trump signed two banking and finance-related Executive Orders yesterday. Trump called on Intel CEO Lip-Bu Tan to resign, citing controversy over his investments in China. 
  • USTR Jamieson Greer penned an op-ed detailing the rationale for the Trump administration’s trade policy.
  • The Trump administration delivered another blow to Switzerland by imposing tariffs on one-kilo gold bars.
  • An underreported decision by OMB Director Russ Vought to replace the US Chief Statistician could further undermine confidence in the government’s economic data.
  • The US will end 'tariff stacking' on Japan and cut auto levies. India has paused plans to buy US weapons and aircraft.
  • Trump called for a new census that would exclude undocumented immigrants from its count, escalating a partisan arms race over Congressional maps.  
  • Trump indicated he is willing to meet with Russian President Vladimir Putin without Ukrainian President Volodymyr Zelenskyy present.  
  • The US will not intervene in an Israeli plan to occupy the entire Gaza Strip.
  • The US has issued new sanctions targeting Iran's banking and oil sectors.
  • Poll of the Day: Favourability of Democrats hits a low not seen for either party since 1992. 

Please find the full article attached below: US DAILY BRIEF