Stephen Miran, President Trump’s nominee for an open Federal Reserve position, appeared to reassure Republican lawmakers about his commitment to central bank independence Thursday, weathering a barrage of attacks from Democratic senators during his confirmation hearing.
Miran, who serves as chair of the Council of Economic Advisers, calmly defended his decision to take unpaid leave rather than resign from his White House role if confirmed as a Fed governor, explaining that the arrangement reflected legal counsel’s advice for what amounts to a four-month appointment ending in January.
“I intend to preserve that independence and serve the…
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