Trump Fed Pick Stephen Miran Commits to Central Bank Independence

‘Independence of monetary policy is a critical element for its success,’ Stephen Miran told the Senate Banking Committee.

Stephen Miran, nominee for the Federal Reserve Board of Governors, testifies before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on Sept. 4, 2025. Madalina Kilroy/The Epoch Times

Stephen Miran, President Donald Trump’s nominee to temporarily serve on the Federal Reserve Board of Governors, committed to preserving the central bank’s independence in testy exchanges with senators.

Trump announced his nomination of Miran, current head of the White House’s Council of Economic Advisers, early in August to temporarily fill the seat vacated by Adriana Kugler.