Trump’s Fed Pick Promises Independence — From Whom, Exactly?

The Myth of Fed Independence Stephen Miran says Trump “has never asked me to set policy in a specific way.” Well, no kidding. He doesn’t have to. The illusion of independence has always been the Fed’s most valuable PR tool — a way to convince the public that monetary policy is above politics, untouchable by grubby populist hands. But if you’ve ever watched how the Fed actually operates — how it coordinates with the Treasury, bails out megabanks, manipulates interest rates to juice markets, and quietly prepares for a digital dollar rollout — you’ll know it’s never been about neutrality. It's about control. And Miran, like every other bureaucrat stuffed into a Brooks Brothers suit and plopped behind a D.C.…