Stephen Miran to step down from Fed board on Warsh swearing in
Federal Reserve (Fed) Governor Stephen Miran submitted his resignation letter from the Fed board on Thursday, effective on or shortly before Kevin Warsh is sworn in as the Fed's next chair, since there is no other open seat on the seven-member board for Warsh to fill, and Miran's term had expired in January.
Miran was appointed by US President Donald Trump to serve out the remaining five months of former Fed Governor Adriana Kugler's term as a temporary appointment ahead of his Fed chair nomination. With Warsh now confirmed as the next Fed chair, Miran is stepping down.
In a letter to President Trump released by the Fed, Miran recounted the arguments he made in favor of lower interest rates, familiar from his many public appearances and the dissents he registered at every Fed policy meeting, Reuters reported.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the British Pound.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.30% | 0.91% | 0.19% | 0.13% | 0.49% | 0.32% | 0.17% | |
| EUR | -0.30% | 0.59% | -0.13% | -0.18% | 0.15% | -0.02% | -0.13% | |
| GBP | -0.91% | -0.59% | -0.68% | -0.77% | -0.42% | -0.60% | -0.69% | |
| JPY | -0.19% | 0.13% | 0.68% | -0.09% | 0.28% | 0.10% | -0.05% | |
| CAD | -0.13% | 0.18% | 0.77% | 0.09% | 0.38% | 0.17% | 0.09% | |
| AUD | -0.49% | -0.15% | 0.42% | -0.28% | -0.38% | -0.17% | -0.25% | |
| NZD | -0.32% | 0.02% | 0.60% | -0.10% | -0.17% | 0.17% | -0.11% | |
| CHF | -0.17% | 0.13% | 0.69% | 0.05% | -0.09% | 0.25% | 0.11% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Author
Agustin Wazne
FXStreet
Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors.
