"No one not the American public, not investors here at home, not the worldwide financial markets will trust him as an independent voice, Warren said in prepared remarks during last week's confirmation hearing. Every claim he makes and every vote he takes will be tainted with the suspicion that he isn't an honest broker, but that he is Donald Trump's puppet."
"It is ludicrous to contend that you could exercise independent judgment regarding monetary policy and financial regulation."
Adriana Kugler resigned from the Federal Reserve Board at the start of August, and Miran would replace her to complete a term expiring in January 2026. Miran serves as chair of the White House Council of Economic Advisers and has close ties to the president. He authored a paper advocating aggressive tariffs to reshape the global economy and co-authored a paper criticizing the central bank's institutional setup as prone to policy errors and unaccountable. Senate Democrats, including Elizabeth Warren and Jack Reed, questioned his independence and criticized his plan to take unpaid leave rather than resign from the White House. Conservative groups endorsed Miran as a departure from Biden-era monetary policy.
Read at www.housingwire.com
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