## Miran Vows to Uphold Fed Independence and Mandate
Stephen Miran, President Trump’s nominee for a Federal Reserve Governor role, is facing a Senate Banking Committee hearing. He’s pledged to maintain the Fed’s independence and its dual mandate of price stability and maximum employment. Here’s a quick rundown:
- **Commitment to Independence:** Miran emphasized the importance of the central bank’s independence to prevent economic crises.
- **Dual Mandate Focus:** He stated his commitment to fulfilling the Fed’s mandate of price stability and maximum employment.
- **Temporary Role:** Miran is filling the remainder of a term vacated by Adriana Kugler, expiring January 31, 2026.
- **Background:** Miran has previously criticized the Fed’s actions, particularly its stimulus during the COVID-19 crisis.
- **Oversight Concerns:** He raised questions about the Fed’s activities beyond its dual mandate, including its balance sheet.
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