🚀 U.S. Trade Representative Aims for Global Tariff Agreement
#USTradeRepresentative #GlobalTariffAgreement #TradePartner #TariffRate #TradeDeficits #GlobalTrade #EconomicPolicy #Forexlive #UncertaintyReduction
According to BlockBeats, U.S. Trade Representative Greer has stated that efforts are underway to finalize a trade agreement swiftly. Greer emphasized that the United States does not rely on any trade partner for key commodities. He highlighted that a global tariff rate of 10% serves as a strong incentive to reduce deficits. Analysts from Forexlive suggest that the ultimate goal is to achieve a global average tariff rate of 10%, which is expected to decrease overall uncertainty.#USTradeRepresentative #GlobalTariffAgreement #TradePartner #TariffRate #TradeDeficits #GlobalTrade #EconomicPolicy #Forexlive #UncertaintyReduction
🚀 Stephen Miran Appointed to Federal Reserve Board by Trump
#StephenMiran #FederalReserve #TrumpAdministration #EconomicAdvisers #Economics #Cryptocurrencies #EconomicPolicy #FiscalSupport #TradeDeficits #FinancialInnovation #EconomicGrowth
According to BlockBeats, U.S. President Donald Trump has appointed Stephen Miran, the current Chairman of the White House Council of Economic Advisers, to the newly vacant seat on the Federal Reserve Board, with a term ending on January 31, 2026. Trump praised Miran's exceptional performance during his first administration and highlighted his unparalleled expertise in economics.
Stephen Ira Miran is an American economist who has been serving as the Chairman of the White House Council of Economic Advisers since March 2025. He graduated from Boston University in 2005, majoring in economics, philosophy, and mathematics, and earned a Ph.D. in economics from Harvard University in 2010 under the mentorship of Martin Feldstein. Miran previously served as a senior advisor for economic policy at the U.S. Treasury from 2020 to 2021, where he was involved in fiscal support initiatives during the pandemic, such as the Paycheck Protection Program under the CARES Act.
Currently, Miran is a senior strategist at Hudson Bay Capital Management and a co-founder of the asset management firm Amberwave Partners. He also holds a position as a part-time fellow at the Manhattan Institute. Miran is known for supporting Trump's economic protectionist policies, advocating for the use of tariffs to reduce trade deficits and revalue the dollar against other currencies.
During his tenure as Chairman of the White House Council of Economic Advisers, Miran has been a proponent of the Trump administration's favorable stance on cryptocurrencies. He believes that cryptocurrencies have the potential to stimulate economic growth, drive financial innovation, and combat inflation, particularly within the context of Trump's economic agenda.#StephenMiran #FederalReserve #TrumpAdministration #EconomicAdvisers #Economics #Cryptocurrencies #EconomicPolicy #FiscalSupport #TradeDeficits #FinancialInnovation #EconomicGrowth
🚀 Indonesia's Central Bank Intervenes to Support Rupiah Amid Middle East Tensions
#Indonesia #CentralBank #Rupiah #MarketIntervention #MiddleEastTensions #BankIndonesia #ExchangeRate #EmergingMarkets #IranConflict #Inflation #OilPrices #TradeDeficits
Indonesia's central bank has intervened in the market to support the rupiah following pressures on emerging markets due to the conflict in Iran. According to Jin10, Destry Damayanti, Senior Deputy Governor of Bank Indonesia, stated on Wednesday that the central bank will continue to be present in the market to maintain exchange rate stability and mitigate the impact of escalating Middle East tensions. She emphasized that the bank will persist with firm and ongoing interventions in the offshore non-deliverable forward market, as well as in the onshore non-deliverable forward, spot, and bond markets.
The conflict in Iran is diminishing investor appetite for risk assets, prompting central banks in India and Turkey to also intervene on Monday to defend their currencies. With approximately half of Indonesia's oil demand reliant on imports, rising oil prices are heightening concerns over inflation and widening trade deficits.#Indonesia #CentralBank #Rupiah #MarketIntervention #MiddleEastTensions #BankIndonesia #ExchangeRate #EmergingMarkets #IranConflict #Inflation #OilPrices #TradeDeficits