Stephen Miran, a nominee for a Federal Reserve Board seat, told lawmakers Thursday he would act independently but he failed to convince Democrats he can separate himself from President Donald Trump because he will continue to hold a White House job.
Miran, who is chairman of the Council of Economic Advisers, was tapped by Trump to fill the Fed vacancy created by the early departure of Governor Adriana Kugler.
Miran’s hearing before the Senate Banking Committee centered mostly on whether he would make his own decisions on interest rates and monetary policy.
