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Trump Nominee Stephen Miran: ‘I Intend to Preserve’ Fed’s Independence | WSJ News
WSJ News· 2025-09-04 15:16
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]
Fed Says It Will Abide by Any Court Decision on Cook
Bloomberg Television· 2025-08-26 19:47
I do want to talk not so much about the veracity of the claims against Lisa, but more about the veracity of whether there is indeed cause for the president to remove her. Yeah. And that's the main legal issue here because because the Federal Reserve Act says that the president can remove a Federal Reserve Board governor for cars, but the statute doesn't define or specify what clause means.So we have to look to some other statutes for other agencies that say clause generally means some sort of inefficiency, ...