Miran’s comments underscore the different perspective he brings to the Fed’s deliberations over interest rate policy. There hasn’t been a member of the executive branch on the Fed’s board since the 1930s. He he is now seeking to fire Lisa Cook, a Fed governor, who has fought her removal in the courts. And tariff revenues — which may top $300 billion a year, according to Congressional Budget Office estimates — should reduce the deficit, he added. Over time, that would mean the Fed doesn’t have to keep its benchmark interest rate as high as it is now to bring inflation down.