Thu, 04 Sep 2025

Thu, 04 Sep 2025 Trump's Fed pick says he will keep White House job

Democrats say the arrangement indicates Stephen Miran would be Trump's "puppet" at the central bank.

* Stephen Miran, Trump's pick for Federal Reserve vacancy, said he will take a leave of absence from White House role if confirmed.
* Miran assured lawmakers that he would act independently at the Fed, but refused to say whether Trump lost the 2020 election.
* Democrats expressed concerns that Miran would be seen as a "puppet" controlled by Trump and undermine the Fed's independence.
* Senator Elizabeth Warren said Miran's decision to maintain his White House post was a sign he would be responsive to Trump's demands.
* Republicans indicated they would support Miran's confirmation, but some Democrats called the arrangement "ridiculous".
* Miran's nomination is expected to advance to a full vote in the Senate, where Republicans hold a majority.
  >>