Senate Moves Forward with Trump’s Fed Nominee Stephen Miran
TL;DR Summary
Stephen Miran, a top economic adviser to President Trump, has advanced in the Senate confirmation process to join the Federal Reserve, despite concerns about his ongoing ties to the White House and potential impacts on the Fed's independence. His unique arrangement involves taking an unpaid leave of absence from his White House role, raising questions about legal and ethical implications, as critics worry it could undermine the central bank's independence amid political pressures.
Topics:business#federal-reserve#political-independence#politics#senate-confirmation#stephen-miran#trump-administration
- Republicans Race to Advance Stephen Miran, Trump’s Fed Pick, Despite White House Ties The New York Times
- Trump Fed nominee Stephen Miran advanced by Senate Banking committee, tees up final vote CNBC
- Trump Fed choice won’t pledge to resign if term extends past January The Washington Post
- Trump's Fed nominee Miran heads toward swift Senate confirmation Reuters
- Tillis backing Trump Fed nominee ‘for the short term’ The Hill
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