Federal Reserve board nomination: Senate panel clears Trump pick Stephen Miran; Democrats flag loyalty test risk

Sep 10, 2025 - 22:30
Federal Reserve board nomination: Senate panel clears Trump pick Stephen Miran; Democrats flag loyalty test risk

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The US Senate committee has approved Donald Trump's nominee, Stephen Miran, for the Federal Reserve board. Democrats are worried about Miran's loyalty to Trump. They fear he might not resign from his White House post if confirmed. Miran's short Fed term ends in January 2026. His decisions could be influenced by his desire to return to the White House.

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