Trump’s Fed Pick Draws Democratic Fire at Confirmation Hearing

Nomination & Independence Concerns - Steven Myron's nomination as a Fed governor faces scrutiny due to his strong support for President Trump's economic policies, particularly tariffs [1] - Senate Democrats question Myron's independence, citing his proposed reforms that could increase presidential control over monetary policy [2] - Concerns arise over Myron's continued employment with the Council of Economic Advisers, even during his potential Fed term, raising conflict of interest issues [4][5] Confirmation Process - Despite concerns, Myron's nomination is expected to be approved by the Senate Banking Committee, where Republicans hold a two-vote majority, and sent to the Senate floor [5] Economic Policy & Data Integrity - Myron's views on the Bureau of Labor Statistics (BLS) and data integrity are under examination, particularly regarding claims of manipulated job numbers [3][4]