## Senate Banking Committee to Grill Fed Nominee Stephen Miran
The Senate Banking Committee is holding a hearing today, focusing on the nomination of Stephen Miran to the Federal Reserve’s board of governors. Miran, nominated by former President Trump, faces scrutiny regarding the Fed’s independence. Here’s a quick rundown:
- **The Hearing:** The Senate Banking Committee is holding a hearing for Stephen Miran.
- **The Nominee:** Miran is President Trump’s pick to fill the vacant Federal Reserve governor position.
- **The Context:** The hearing is taking place amid questions about the independence of the Federal Reserve.
- **Miran’s Stance:** Miran has pledged to uphold the Fed’s independence and its dual mandate of price stability and maximum employment.
- **Key Quote:** Miran stated that the most important job of the central bank is to prevent Depressions and hyperinflations, and that independence is critical for success.
- **Start Time:** The hearing is scheduled to begin at 10 a.m. ET.
For more details, you can find the original article on CNBC’s website.