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Fed Nomination Hearing Puts Central Bank Independence in Spotlight
Fed Nomination Hearing Puts Central Bank Independence in Spotlight
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BTCCSquare news:
The Senate Banking Committee's confirmation hearing for Stephen Miran as a Federal Reserve governor has become a flashpoint for debates over central bank independence. President Trump's controversial firing of Fed Governor Lisa Cook has intensified scrutiny on Miran's nomination, with Democrats questioning whether he WOULD prioritize political loyalty over institutional integrity.
Senator Elizabeth Warren and fellow Democrats have called for postponing all Fed nominations, demanding instead a hearing on the economic consequences of presidential interference. The outcome could signal whether the Fed maintains its traditional autonomy or becomes more susceptible to executive branch influence.
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