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Senate Panel Prepares to Hold Hearing on Trump’s Fed Pick

  • The Senate Banking Committee is preparing to hold a hearing on Stephen Miran, Donald Trump’s nominee for the Federal Reserve Board of Governors, as reported by Bloomberg News.
  • Miran was nominated on Aug. 7 to fill the seat vacated by Governor Adriana Kugler, whose term ends in January 2026.
  • Concerns have been raised by Democrats regarding Miran's past criticisms of Fed independence during the upcoming hearing.
  • Trump is facing challenges in removing sitting Fed Governor Lisa Cook and establishing Miran's influence before the Fed's September policy meeting.
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Bloomberg broke the news in United States on Tuesday, August 26, 2025.
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