• Latest
  • Trending
  • All

Trump’s Fed pick Stephen Miran says he will keep White House job

September 4, 2025

Hamilton says Barcelona win beyond wildest dreams

June 14, 2026

UK electric car sales target set to be weakened

June 14, 2026

Why the US economy keeps defying the odds

June 14, 2026

What we know about US sea drone used in helicopter crew rescue mission

June 14, 2026

Fears dogs to blame for drop in little tern numbers

June 14, 2026

Sinkholes near Purley bridge halt Gatwick trains

June 14, 2026

Friends hope death of footballer leads to new cardiac arrest rule

June 14, 2026

Glasgow race attacks a 'mark against the reputation of the city'

June 14, 2026

Jade Jones could face Sheena Bathory after dominant second boxing win

June 14, 2026

Days of violence 'a stain on NI's international reputation'

June 14, 2026

Clinical Australia upset Turkey in World Cup opener

June 14, 2026

Swiss voters reject 10 million population cap, early projections say

June 14, 2026
News
  • Login
  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More
Sunday, June 14, 2026
No Result
View All Result

NEWS

3 °c
London
8 ° Wed
9 ° Thu
11 ° Fri
13 ° Sat
  • Home
  • Video
  • World
    • All
    • Africa
    • Asia
    • Australia
    • Europe
    • Latin America
    • Middle East
    • US & Canada

    Clinical Australia upset Turkey in World Cup opener

    Swiss voters reject 10 million population cap, early projections say

    World Cup 2026: Fifa to pay Somali referee full tournament fee

    Vincent's parents 'never say he's good enough' – so he turned to a middle-aged couple online

    Royal Marines board Russian shadow fleet oil tanker in English Channel

    Armed men kidnap high-ranking security official in Haiti

    The nuclear challenge at the heart of Trump's Iran negotiations

    New York Knicks win NBA championship for first time in over 50 years

    Bangladesh beat Australia to claim first ODI series win against six-time World Cup winners

  • UK
    • All
    • England
    • N. Ireland
    • Politics
    • Scotland
    • Wales

    Hamilton says Barcelona win beyond wildest dreams

    Sinkholes near Purley bridge halt Gatwick trains

    Glasgow race attacks a 'mark against the reputation of the city'

    Jade Jones could face Sheena Bathory after dominant second boxing win

    Days of violence 'a stain on NI's international reputation'

    Molly Russell's dad says PM rushing social media restrictions 'deplorable'

    Eight arrests at anti-immigration and counter protest in Brighton

    Thousands gather for anti-racism rally in Belfast after disorder

    Women’s T20 World Cup: Scotland beat Ireland at Old Trafford to earn first win

  • Business
    • All
    • Companies
    • Connected World
    • Economy
    • Entrepreneurship
    • Global Trade
    • Technology of Business

    UK electric car sales target set to be weakened

    Why the US economy keeps defying the odds

    Teen plans to leave uni 'debt free' after making £35,000 selling vintage football shirts

    Beauty Pie LED mask ad banned over misleading anti-wrinkle claim

    Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut

    'I was employee number one at SpaceX'

    Reporter Reads

    Elon Musk’s SpaceX raises $75bn ahead of record stock market debut

    Mike Ashley's Frasers offers £1.73bn to buy all of Hugo Boss

  • Tech
  • Entertainment & Arts

    Meghan hits red carpet at Power of Women in Hollywood

    Margot Robbie unable to speak at Saltburn premiere

    Barbra Streisand: Siri can now pronounce my name

    Wes Anderson’s The Grand Budapest Hotel inspires cinema’s look

    Taylor Swift/ Travis Kelce romance reaches White House

    The Killers booed at Georgia concert after inviting Russian fan on stage

    Watch: Memorable moments from Parkinson's star-studded show

    Tom Jones: Neighbour surprised to find singer in flat below

    Black Country Folk Festival showcases local musicians

    Watch: Australians set new world record with Tina Turner dance

  • Science
  • Health
  • In Pictures
  • Reality Check
  • Have your say
  • More
    • Newsbeat
    • Long Reads

NEWS

No Result
View All Result
Home Business Economy

Trump’s Fed pick Stephen Miran says he will keep White House job

September 4, 2025
in Economy
4 min read
241 12
0
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Bloomberg/Getty Stephen Miran, chairman of the Council of Economic Advisers and US Federal Reserve governor nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Thursday, Sept. 4, 2025.Bloomberg/Getty

President Donald Trump’s pick to fill a Federal Reserve vacancy said he did not plan to resign from his White House role, if confirmed, alarming Democrats who said his elevation would bring the president closer to controlling the central bank.

Stephen Miran, currently chief of Trump’s Council of Economic Advisers, told lawmakers at his confirmation hearing on Thursday that he intended to take a leave of absence from the White House, given the short term nature of the Fed post.

He assured them that he would act independently if confirmed.

But he demurred when Democrats demanded he prove his independence by going on the record saying Trump had lost the 2020 election.

He also ducked questions asking him whether the president was right when he claimed that officials had faked jobs data for political reasons and on his past recommendations for Fed overhaul, including warnings against naming political figures to the board.

Senator Elizabeth Warren, a Democrat, said Miran would be seen as a “puppet” who would not be trusted as an independent voice.

“You have made clear that you will do or say whatever Donald Trump wants,” she told him. “That may work in a political position but it will take an axe to Federal Reserve independence.”

Miran called the independence of the central bank “paramount” and said he had not been asked by anyone at the White House to commit “formally or informally” to lowering interest rates.

“The independence of the Federal Reserve is critical to delivering superior long-run outcomes for the economy,” he said.

Miran, who trained as an economist at Harvard, was named by Trump to finish out the term of former governor Adriana Kugler.

Kugler resigned last month, a few months before her time on the board was due to end in January.

The opportunity came as Trump has put unprecedented pressure on the Fed to lower interest rates, toying with the idea of firing chair Jerome Powell and taking steps to fire another board member, Lisa Cook, over allegations of mortgage fraud.

She has denied those claims and challenged the president’s termination in court.

Economists say Trump’s campaign risks undermining the credibility of the bank, which is charged with keeping prices and employment stable and has been designed to set policy independently from the White House.

Lawmakers from both parties told Miran that it was critical that the bank’s governors determine interest rates without regard to politics.

But while Republicans widely indicated they would support his confirmation, Democrats said Miran’s decision to maintain his White House post was a sign he would be responsive to Trump’s demands.

Senator Jack Reed of Rhode Island called the arrangement “ridiculous”, while Senator Andy Kim of New Jersey asked: “Why do you even want this job for four months if you’re just hedging your bets and continuing your role at the White House?”

Miran said would resign his White House post, if he was nominated to serve a longer term.

Miran’s nomination is expected to advance to a full vote in the Senate, where Republicans hold a majority.

Senator John Kennedy, a Republican, urged Miran to ignore political considerations if confirmed.

“You’ve got to call them like you see them and ignore – nothing wrong with people giving their advice – but ignore all the rhetoric,” he said.

Warren said Republicans were ignoring the “elephant in the room” in their willingness to green-light Miran’s elevation.

“If we allow the Fed to become a political football, every American consumer, every American worker and every American business will pay a long term price,” she said.



Source link

Tags: fedhousejobMiranpickStephenTrumpsWhite

Related Posts

Why the US economy keeps defying the odds

June 14, 2026
0

Why has the American economy continued to outperform so many of its peers, despite facing the same global shocks?...

Reporter Reads

June 12, 2026
0

Our economics editor Faisal Islam on the factors influencing the price of your cuppa. Source link

Donald Trump: ‘I love the inflation’

June 11, 2026
0

During an Oval Office signing event on 10 June, President Donald Trump said, "I love the inflation" in response...

  • Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

    677 shares
    Share 271 Tweet 169
  • Belgian footballer arrested in cocaine investigation

    533 shares
    Share 213 Tweet 133
  • Next to raise prices to help pay for rising wage costs

    531 shares
    Share 212 Tweet 133
  • South Wales Police officers injured, one arrested

    525 shares
    Share 210 Tweet 131
  • Charities to get £15m fund to save surplus farm food

    516 shares
    Share 206 Tweet 129
  • Trending
  • Comments
  • Latest

Lee McGregor: Scot seeks world title in 2025 & Nathaniel Collins bout

January 16, 2025

Belgian footballer arrested in cocaine investigation

January 27, 2025

Next to raise prices to help pay for rising wage costs

January 7, 2025

World Cup 2022: TikTok brings football fever to millions of fans

0

UK economy will get worse before it gets better, warns chancellor

0

One of Central America’s most active volcanoes erupts again

0

Hamilton says Barcelona win beyond wildest dreams

June 14, 2026

UK electric car sales target set to be weakened

June 14, 2026

Why the US economy keeps defying the odds

June 14, 2026

Categories

England

Hamilton says Barcelona win beyond wildest dreams

June 14, 2026
0

Lewis Hamilton says he was struggling to find the words to express how much his first victory for Ferrari...

Read more

UK electric car sales target set to be weakened

June 14, 2026
News

© 2023 GODJ - NEWS CORP - news.godj.com.

Explore NEWS.GODJ.COM

  • Home
  • News
  • Sports
  • Worklife
  • Travel
  • Reel
  • Future
  • More

Follow Us

  • Home Main
  • Video
  • World
  • Top News
  • Business
  • Sport
  • Tech
  • UK
  • In Pictures
  • Health
  • Reality Check
  • Science
  • Entertainment & Arts
  • Login

© 2023 GODJ - NEWS CORP - news.godj.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.