President Trump’s nominee for the Federal Reserve Board of Governors, Stephen Miran, faced a Senate confirmation hearing on Thursday. Miran, who currently serves as the chair of the White House Council of Economic Advisers, is seeking to fill the seat vacated by Governor Adriana Kugler. The confirmation hearing comes amidst concerns about Trump’s efforts to exert influence over the traditionally independent central bank.
During the hearing, both Democrats and Republicans on the Senate Banking Committee raised questions about the independence of the Federal Reserve and how Miran would navigate potential pressure from the White House. The debate over the Fed’s autonomy took center stage, with senators seeking assurances from Miran that he would prioritize the bank’s mandate of promoting maximum employment, stable prices, and moderate long-term interest rates.
In his testimony, Miran emphasized his commitment to upholding the Fed’s mandate and maintaining its independence. He highlighted the importance of data-driven decision-making and stressed the need for a transparent and predictable monetary policy framework. Miran’s background in economics and his experience in the White House were cited as qualifications for the position.
Meanwhile, First Lady Melania Trump hosted the White House Task Force on Artificial Intelligence Education, underscoring the administration’s focus on integrating AI into various sectors, including education. Melania emphasized the responsible growth of AI and likened its management to raising children, urging caution and ethical considerations in its development.
In a separate event, President Trump dined with tech executives in the newly renovated White House Rose Garden, signaling ongoing engagement with the technology sector. The administration’s efforts to harness AI for educational purposes and engage with industry leaders reflect a broader push towards innovation and technological advancement.
As the confirmation process for Miran unfolds and discussions around AI and technology continue, the intersection of economic policy, technological innovation, and governance will remain at the forefront of public discourse.
Political Bias Index: Green (Neutral)
References:
1. The Hill. (n.d.). Watch live: Stephen Miran, Federal Reserve board confirmation hearing. https://thehill.com/video-clips/5485513-watch-live-stephen-miran-federal-reseve-board-confirmation-hearing/
2. CBS News. (n.d.). Watch: Stephen Miran makes case as Trump’s pick for Federal Reserve Board of Governors. https://www.cbsnews.com/video/watch-stephen-miran-makes-case-as-trumps-pick-for-federal-reserve-board-of-governors/
3. NBC News. (n.d.). Melania Trump hosts White House Task Force on Artificial Intelligence Education. https://www.nbcnews.com/video/melania-trump-hosts-white-house-task-force-on-al-education-246727749982
4. The Washington Times. (n.d.). Tech titans to dine with Trump in White House’s new-look Rose Garden. https://www.washingtontimes.com/news/2025/sep/4/tech-titans-dine-trump-white-houses-new-look-rose-garden/
5. BBC News. (n.d.). Melania Trump warns ‘robots are here’ in rare public outing. https://www.bbc.com/news/articles/cn82lp7y3pro?at_medium=RSS&at_campaign=rss
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