Senate lawmakers confirmed Stephen Miran to the Federal Reserve board on Monday, after he was nominated by President Trump. This came ahead of the Federal Reserve’s September FOMC meeting, which began on Tuesday.
Senator Elizabeth Warren (D-Ma.) joins Yahoo Finance senior reporter Jennifer Schonberger on Capitol Hill to speak more about maintaining the Fed’s independence from the executive branch and Trump’s goal of lowering interest rates by stacking the central bank. She also states that the president’s suggestion of cutting quarterly earnings reports down to a semi-annual basis as “undermin[ing] transparency.”
Warren has been critical of Miran’s acting role as chair to the White House Council of Economic Advisers under the Trump administration.
Also catch StoneX’s Jon Hilsenrath and S&P Global Ratings’ Paul Gruenwald emphasize the goal of avoiding policy mistakes as the Trump administration works to replace top Fed officials.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here: https://finance.yahoo.com/videos/series/market-domination-overtime/
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