After tariff shock, Trump taps Stephen Miran as Fed governor, marking another major move in shaping U.S. economic policy during his second term. Miran, a former Treasury advisor known for his hawkish stance on inflation, will temporarily serve until January 31, 2026, unless confirmed by the Senate. His appointment follows recent tariff decisions that shook global markets, raising questions about the politicisation of the Federal Reserve. Supporters see Miran as a voice for fiscal discipline, while critics worry about the Fed’s independence. This decision could influence interest rates, lending costs, and the overall direction of U.S. monetary policy in the months ahead.