US EditionTrump's Fed governor nominee Miran advances toward Senate confirmation
Senate Banking Committee approved Stephen Miran 13-11 along party lines despite Democratic concerns over his dual roles and the Fed's independence ahead of key rate-setting meeting.
- Stephen Miran, a White House advisor, is expected to be confirmed as a Federal Reserve governor, giving President Trump a like-minded voice on interest rate policy.
- Democrats oppose Miran's nomination, accusing Trump of trying to exert political control over the Fed.
- Trump wants lower interest rates and has criticized Fed Chair Jerome Powell for not cutting them faster.
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77 Articles
Warner: I’ll Oppose Stephen Miran For Federal Reserve Board of Governors - Falls Church News
Wednesday, Sept. 8 — Virginia’s U.S. Sen. Mark R. Warner, a senior member of the Senate Banking Committee, released the following statement ahead of a scheduled committee vote on the nomination of Stephen Miran to the Federal Reserve Board of Governors: “The Federal Reserve was designed to make decisions free from political interference, guided by data and the long-term stability of our economy, not the political agenda of any one president. Do…
Senate Panel Advances Trump’s Fed Nominee Stephen Miran
Stephen Miran, head of the White House Council of Economic Advisers, inched one step closer to joining the Federal Reserve Board of Governors on Sept. 10. Members of the Senate Banking Committee voted 13–11 to advance Miran’s nomination to a full Senate vote. All Republicans supported him, while all Democrats opposed the nomination. With a 53–47 Republican majority in the Senate, his path to becoming a Fed governor is more certain. Last month, P…
The appointment of Donald Trump's economic adviser as governor of the US Central Bank (Fed) took an important step in the US Senate on Wednesday, with Stephen Miran likely to vote on interest rates next week.
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