Trump chooses Stephen Miller to head White House after Susie Wiles leaves

President Donald Trump announced that Stephen Miller will take over as White House chief of staff from Susie Wiles, who is leaving the role. According to Fox Business' "The Five," Wiles said serving the president was "an honor of a lifetime."

Trump justified the exchange in a tone of continuity. He said that Wiles did "a great job", that Miller has been with him from the beginning and that, at times, it is necessary to "make changes". He called the future chief of staff a "great manager" and someone who "understands" what needs to be done.

Political reading after the polls

The change was discussed on the program shortly after the Republican performance the previous Tuesday, which the hosts described as a defeat. One said Republicans and Trump were "hammered" and attributed the result to an environment of fatigue and disappointment characteristic of midterm elections rather than a rejection of the party's principles.

Commentators also pointed out that Democrats are preparing an offensive against the presidential agenda, with plans to reverse policies and summon the president's corporate partners to Congress. According to the program, Senator Bernie Sanders wants to test a veto impasse with Trump. A presenter stated that it is up to Republicans to sustain a possible veto.

Miller's choice was criticized by some of the guests, who classified it as a strategic error, with the argument that he is identified with immigration and that the electorate punished the government for the cost of living. Others defended the decision. For them, Miller is a strategist who has known immigration policy since 2009, knows how to conduct investigations and is well regarded by the president.

What the defenders say

According to favorable presenters, the cabinet should align itself around the new boss and operate like a "well-oiled machine." They predicted an increase in deportations and visas being treated harshly. They also stated that Miller is willing to negotiate with Democrats and that he understands the 2024 election message.

Defenders also cited the government's economic record: jump in wage growth, record employment levels, record energy production and exports, deregulation and the so-called Trump bills. They recognized mistakes, such as the war with Iran, which in the opinion of one of them removed part of the base because it lasted longer than expected.

What does this mean for the market

The transcript does not contain stock market, interest or dollar numbers, nor tax projections. The relevant point for the investor is political: the White House changes its main manager at a time of electoral pressure and with the prospect of a more hostile Congress. In theory, this increases the risk of legislative impasses and disputes over vetoes, factors that tend to be on the radar of those who follow fiscal and regulatory policy in the United States.

For now, the presenters' assessment is that the team remains cohesive. The analysis is the opinion of the program and there is no data in the transcript that confirms it or indicates the markets' reaction to the exchange.

Automatically translated from Portuguese.