US EditionTrump's Fed Nominee Says He'd Keep His White House Job Even if Confirmed by the Senate
- Stephen Miran, President Donald Trump's economic advisor, testified before the Senate Banking Committee on his nomination to the Federal Reserve's seven-member governing board on Thursday.
- Miran's nomination follows the August resignation of Fed Governor Adriana Kugler and Trump's unprecedented firing attempt of Governor Lisa Cook, raising concerns about the Fed's independence.
- Miran asserted he will act independently, basing policy decisions on economic analysis and will preserve the Federal Open Market Committee's independence despite supporting Trump's call for rate cuts.
- Senator John Kennedy scrutinized Miran's political neutrality, asking, "Are you Donald Trump's puppet?" while Miran assured he would call policies "like you see 'em" and act independently.
- If confirmed before the September 16-17 rate-setting meeting, Miran’s appointment may increase Trump's influence on the Fed amid expectations of a 0.25% rate cut and ongoing debate over central bank autonomy.
124 Articles
124 Articles
Trump's Fed Pick Plans to Stay on White House Payroll
Stephen Miran, President Trump's nominee for the Federal Reserve Board, told senators Thursday he plans to remain a White House economic adviser—on unpaid leave—if confirmed to the central bank. The move, which would make him the first modern Fed governor to keep such close White House ties, has...
The spokesman-Review
The Washington PostTrump’s pick for Federal Reserve plans to keep his White House job while on Fed
Federal Reserve nominee Stephen Miran, a senior White House economic adviser, told Senate lawmakers Thursday that he does not plan to resign from the Trump administration if confirmed to the Federal Reserve’s board of governors - an unusual arrangement likely to raise concerns about the central bank’s independence.
Trump’s Fed pick gets blasted for planning to stay at the White House
Stephen Miran, President Donald Trump’s pick to join the Federal Reserve board, said Thursday that he would remain a White House employee even if the Senate confirms him to fill an unexpired term at the central bank. Miran, who was nominated to fill a gubernatorial term set to expire in January, made the disclosure at a hearing before the Senate Banking, Housing, and Urban Affairs Committee. He said that on the advice of his lawyers, he would ta…
La Nación, Grupo Nación
El EconomistaWashington. U.S. President Donald Trump’s candidate for the position of Federal Reserve Governor (Fed), Stephen Miran, assured on Thursday at a confirmation hearing with senators that he would exercise his functions with complete independence. If Miran is appointed to a position in the Fed, he could participate in the next meeting on September 16 and 17 to set the interest rates that Trump insists on asking for off.
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