Stephen Miran has also questioned the Fed’s institutional legitimacy, highlighting how policy debates have evolved into broader disagreements.

JPMorgan Chase & Co.’s top U.S. economist now expects the Federal Reserve will cut interest rates three times in 2025, beginning with a 25-basis-point cut in September.

President Donald Trump said Thursday he is nominating Stephen Miran, a key voice in the push for the administration’s tariff policy and a critic of the Federal Reserve’s independence, to fill a vacancy at the Federal Reserve’s Board of Governors on a temporary basis.