Trump Nominee Stephen Miran: ‘I Intend to Preserve’ Fed’s Independence

Monetary Policy & Central Bank Role - The central bank's most important job is to prevent depressions and hyperinflations [1] - Independence of monetary policy is critical for the central bank's success [1] - The Federal Open Market Committee is an independent group with a monumental task [2] Mandates & Responsibilities - The role will be carried out pursuant to the mandates assigned by Congress [2] - Opinions and decisions will be based on analysis of the macroeconomy and what's best for its long-term stewardship [2] - The intention is to preserve independence and serve the American people to the best of ability [2]