President Donald Trump’s appointment of Stephen Miran as Federal Reserve governor represents more than the addition of a dovish voice at the central bank. It could signal an intention to amend the Federal Reserve Act and diminish policymakers’ independence, according to analysts at JPMorgan, which said the Fed may respond by sounding more dovish too.

The Federal Reserve could be getting more than another dovish vote with the appointment of Stephen Miran as governor.

It could signal an intention to amend the Federal Reserve Act and diminish policymakers’ independence, according to analysts at JPMorgan.

On Thursday, President Donald Trump named Miran , the chair of the White House’s Council of Economic Advisers, to fill a vacancy left by Adriana Kugler, who stepped down before her term

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