
Dr. Miran, a man whose life has been a delicate balance between the realms of market speculation and policy-making, brings to the table a rĆ©sumĆ© that reads like a novel of ambition and intellect. His journey from the halls of the Treasury Department during the tumultuous days of the pandemic to the world of macro investing, and finally to the pen that penned bold proposals for the reform of the Federal Reserve, is nothing short of a saga. In his writings, he has not shied away from critiquing the Fedās recent policies, labeling them as a theater of “groupthink” and “excessive monetary accommodation.” A 2024 report from the Manhattan Institute, penned by Miran and his colleagues, calls for a sweeping overhaul of the Fedās governance structure, advocating for shorter Board terms, clearer presidential removal powers, enhanced Reserve Bank influence, and the subjugation of the Fedās budget to the whims of Congress-all in the name of achieving “better monetary outcomes” and rekindling the flame of democratic accountability.