The Senate Banking Committee voted 13-11 along party lines to advance President Trump’s nomination of Stephen Miran to fill a vacancy on the Federal Reserve Board of Governors.
Miran, who is chairman of the Council of Economic Advisors, would replace Adriana Kugler, who resigned last month ahead of the Jan. 31 ending of her term. Miran stated he would take an unpaid leave of absence from the Executive Branch if he is confirmed to fill Kugler’s term, with the goal of resuming his job when his Fed term ends. This has raised concerns if Miran will be taking orders from the White House on Fed policy decisions.
Miran will require confirmation from the full Senate within the next few days if he is to participate in the Fed’s next rate policy meeting, which will be held from Sept. 16-17.
Someone needs to light a fire under Jerome Powell whose dragging his heels. Overspending on the renovations. Wonder why Trump didn’t reined him in.
ILLEGALS THE NEW FORM OF SLAVERY. THE U S A SHOULD HOLD EMPLOYERS RESPONSIBLE FOR HIRING ILLEGALS, AND BANKS SHOULD STOP LENDING MONEY FOR SLAVERY.