## Senate Banking Committee to Grill Fed Nominee Stephen Miran
The Senate Banking Committee is gearing up for a hearing with Stephen Miran, President Trump’s pick for a Federal Reserve governor position. The hearing is scheduled to begin at 10 a.m. ET. Here’s a quick rundown of what to expect:
- **The Nominee:** Stephen Miran is nominated to fill the vacancy left by Adriana Kugler.
- **The Focus:** The hearing will likely center on the Federal Reserve’s independence.
- **Miran’s Stance:** Miran has already pledged to uphold the Fed’s independence and its dual mandate of price stability and maximum employment.
- **Miran’s Priorities:** Miran stated that the most important job of the central bank is to prevent Depressions and hyperinflations.
- **The Time:** The hearing is scheduled to begin at 10 a.m. ET.
For more details, you can follow the live stream on CNBC’s YouTube channel.