Trump’s Fed Pick Draws Democratic Fire at Confirmation Hearing

Stephen Miran during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington on Sept. 4.
Photographer: Daniel Heuer/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Catarina Saraiva

September 4, 2025 at 3:07 PM UTC

Updated on

September 4, 2025 at 5:56 PM UTC

President Donald Trump’s pick to fill a vacant seat on the Federal Reserve’s Board of Governors pushed back against Democratic concerns that he would merely do Trump’s bidding at the central bank, even as he acknowledged he would retain his White House job.

Listen to the Here’s Why podcast on Apple, Spotify or anywhere you listen.