Posted on 08/26/2025 3:37:35 PM PDT by E. Pluribus Unum
A nomination hearing for Trump's pick to fill a vacant Fed board seat is expected next week.
Key Republican lawmakers have long warned against any move to encroach on the Fed’s independence from the executive branch. The Cook firing, which is almost certain to spark a landmark legal fight, could complicate the path forward for Miran — and provide an avenue for any concerned Republicans to dissent from the president’s campaign against the central bank.
“Now it’s like a political stand and a referendum on Trump,” a GOP congressional aide who was granted anonymity to speak candidly said of the Miran nomination. “It takes it out of the control of the nominee.”
Miran, who currently chairs Trump’s Council of Economic Advisers, was nominated earlier this month to temporarily fill a Fed board vacancy created by the resignation of Gov. Adriana Kugler. If confirmed, he would hold the seat until Kugler’s term expires on Jan. 31, 2026. The administration is quietly lobbying Senate Republicans to confirm him in September, ideally in time for him to take part in the Federal Reserve’s mid-month meeting.
Many Democrats were already gearing up to oppose Miran’s nomination amid growing concern over the pressure tactics the Trump administration is using to get the Fed to cut interest rates. But Trump’s move Monday to fire Cook now makes Miran’s confirmation more politically charged for some Republican lawmakers who have vowed to protect the Fed’s independence.
Democrats are expected to focus heavily on the Fed’s independence during the Miran confirmation.
“Four Senate Republicans could preserve Fed independence if they refuse to move any Trump Fed nominee until he stops trying to illegally fire Cook,” said Aaron Klein, a former Democratic staffer on the Senate Banking Committee who is now a senior fellow at the Brookings Institution. “Fed independence is something created by Congress...”
(Excerpt) Read more at politico.com ...
Polutico.
>>”Key Republican lawmakers have long warned against any move to encroach on the Fed’s independence from the executive branch.”
Just reflect on that statement for a moment and consider how un-Constitutional the whole idea of an an independent Fed is.
K A B O O O O O O O M !!! You are exactly right and that is the sound of heads exploding everywhere.
Uh, hasn’t the Senate been sitting on the hearings for dozens of Trump’s previous nominees?
Yet paid by us. WE are paying for the new building.
Go ahead pubbies.
Defend the Ketanji Brown Jackson DEI equivalent on the Federal Reserve Board.
How many of those ahoes voted for this crook?
GOPeers still suck.
2026 will be entertaining for them.
Name names.
We hear this same line from you every single day Poltico.
Sorry but you lie daily with this same line about “Republicans on Capitol Hill” constantly yet nothing ever comes of your lies .
This is all BS
And preventing recess appointments yes
AUDIT THE FED !!!
Trump should demand a forensic audit of the Fed going back at least 50 years.
Ron Paul has been calling for an audit for decades, and he was right all along.
Losing their jobs is the least of their concerns.
If it is a government body and isn’t part of the Executive, Judicial or Legislative Branch, then it isn’t Constitutional.
Ah EPU. I see you return to your old favorite. When are you going to admit you are a Democrat plant?
What is it like, going through life as a malevolent, weirdo, stalker?
a GOP congressional aide who was granted anonymity to speak candidly = part-time college sophomore who makes coffee on Wednesday and goes on beer and pizza runs.
Politico is reaching far here. The deMS-13s are opposing EVERY Trump nomination. They don’t have any real reason. Politico is making the up for them.
EC
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