Reported about 19 hours ago
Stephen Miran, nominated by President Trump to replace former Federal Reserve Governor Adriana Kugler, previously served as an economic adviser and is known for his role in crafting Trump's economic policies. He proposes reforms to enhance the Fed's independence, including limiting governors' terms and ensuring they don’t transition to executive roles immediately after serving. His confirmation raises concerns among Democrats regarding the Central Bank's autonomy, particularly amid rising inflation.
Source: YAHOO