Donald Trump’s nominee to join the Federal Reserve said the president was “entitled” to take a view on monetary policy even as he vowed to uphold the independence of the US central bank.
Stephen Miran told the Senate banking committee on Thursday that he viewed Fed independence as “paramount” as he sought to assuage lawmakers’ fears that his actions in the role would be based on Trump’s instructions.
But he added “the president is entitled to a view on appropriate monetary policy, as is everyone else interested in the subject”.
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