Luskin: Miran's Fed Appointment 'Very, Very Dangerous' for Markets

Donald Luskin says a potential Stephen Miran-led Federal Reserve would be "very, very dangerous" for markets, citing Miran's reportedly radical views on devaluing the U.S. dollar. Luskin also weighs in on the jobs picture, attributing recent weak job numbers to a decline in immigration rather than a recessionary economy. Despite concerns about inflation, Luskin thinks it's a "solved problem" and sees the $262 billion in new tax cuts from the "one big beautiful bill" as a major positive for the market.