Trump Nominee Miran Faces Senate Hearing on Fed Independence

Stephen Miran, President Trump's nominee for the Federal Reserve Board, will testify before the Senate Banking Committee Thursday regarding his nomination to the central bank's governing body. The hearing comes amid increased focus on Federal Reserve independence, as Miran previously authored a paper discussing presidential authority to dismiss Fed governors. In his prepared testimony, Miran stated he intends to preserve Fed independence and base decisions on economic analysis.