Smart Thought Of The Week: Outlier
It is understandable that the new kid in class wants to make an impression. But being different just for the sake of being different is not going to impress anyone.
The new governor at the Federal Reserve, Stephen Miran, who was shoehorned into the US central bank by Donald Trump, thought it would be a good idea to be an outlier. He voted against the quarter-percentage-point cut in favour of a half-point reduction in the Fed fund rate this month.
He was, amusingly, the only dissenter on the 12-person committee. He also claimed that even though he had spoken to Donald Trump ahead of the meeting, he had not been influenced by the president.
Meanwhile, The White House is still trying to sack Governor Lisa Cook, who remains on the…
