WASHINGTON, April 21 -- Sen. Jack Reed issued the following press release:
For over a century, the Federal Reserve has served as an independent central bank that can set interest rates without interference from Congress or the White House. But now, President Trump is sending clear signals that he wants his Fed nominees to advance his chaotic agenda from inside the Federal Reserve.
In September, Trump appointed one of his top economic advisors, Stephen Miran, to the Federal Reserve Board of Governors. At the first Federal Open Market Committee meeting Miran attended, he voted the way Trump had been pressing for.
Today, the Senate Banking Committee held a hearing for Kevin Warsh, President Trump's nominee to become the next Fed Chairman (h...