Wells Fargo: Milan's Entry into the Fed May Have Limited Impact on the US Dollar

According to a report by Jinse Finance, Wells Fargo strategist Aroop Chatterjee stated that Trump’s economic advisor committee chairman, Milan, may not begin attending Federal Open Market Committee meetings until December, which means he might only participate in two meetings before his term ends, potentially limiting his influence on the US dollar. “Since the Senate is in recess until September, it is currently unclear when he will be able to join the Federal Reserve,” Chatterjee said. “Even if the Senate speeds up the process, attending the December FOMC meeting seems more realistic than September or October. This means Milan will essentially only be able to attend two meetings before his term concludes.”