Talk about privilege. The dollar is not just the currency of the United States; it is what's called the world's "reserve currency," where people and institutions park their money. But there's concern that policies out of Washington could erode that status to the benefit of the euro and China’s currency , the yuan.

"Don't forget, our Federal Reserve is not at all a part of our Constitution. It's a creature of the U.S. Congress, created by the Federal Reserve Act 1913."

The Federal Reserve’s dual mandate from Congress is to balance low ... which outlined a new approach to managing the role of the dollar in the global financial system. Prior to his role in Trump 1.0, Miran worked for the hedge fund Hudson Bay Capital ...

The Federal Reserve has ended its “novel activities” supervision program, folding crypto and fintech oversight back into normal bank supervision.

“The White House has been aggressively pushing Dr. Miran’s nomination to the Federal Reserve Board, setting the stage for his quick confirmation when the Senate returns in September,” said a White House official Tuesday. “With the President’s strong backing, there’s clear momentum to get this done.”

Trump has used the renovation project as both a literal and symbolic example of what he has often described as government waste. Speaking to reporters last week, Trump called the construction effort “a disgrace,” and accused Fed officials of overspending at a time when inflation remains high and interest rates are biting into household budgets.

The Fed vice chair who leads banking oversight, Michelle Bowman, comes across as a crypto evangelist as she echoes industry views on its regulatory needs.

There have been many calls for reform. None of them have actually done wholesale reform, though many of them have applied band-aids," Lisa Harrington said.