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Democrats asked that Donald Trump’s nominee to be a major US economic adviser to the Independence of the Federal Reserve, as Congress checks the President’s efforts to obtain additional control over the central bank.
Elizabeth Warren, the main democrat of the Senate Banking Committee, sent one letter To the White House asking Stephen Miran, Trump’s Nominee to crucify the council of economic advisors (CEA), if he “promotes supporting political independence”.
The letter, dated by February 21 and was seen in financial times, leading to confirming the Miran listening before the Republican Senate Committee on Thursday.
Trumpet The first month used his second term to expand his executive powers, including preventing white agencies and regulators.
Last week, Trump signed an executive order to open the Independent Financial Watchdogsthat directs them to “consult” in the White House in “their priorities and strategic plans”. Pet management role in the financial sector is referred to, even if its currency functions in the currency are changed.
the SIRERA A group of three people who counseled the president of the economic policy, and its chair can be an important influence on economic matters.
Miran, who served as a counselor in the Treasury Department policy in Trump’s first term, a Repeated critic At Jay Powell’s fed chair. He also calls for the coverage of the Central Bank independence to prevent, to argue that it will never operate autonomously and is in the stress of the US Constitutional System.
To a ROLE Last year was suggested for Fed reform, miran writes that “pure bank independence is not in accordance with a democratic system”, and the structure of money management “. It has a” skewing of more likely to Developed in the plea and regulatory agenda that is more agendant with a clear political institution “, he admits.
Miran hits the urge to encourage more aggressive fiscal stimulus and money on October 2020, about a month before economic election a year in one year to be repairs in the year.
“Powell was politically mistaken and economically if he prompted the Congress ‘Great Piscal’ to the Piscal stimulus in October in September.
One of his suggested reforms is to make members of the Ped Board and branch leaders who have been lowered by the President’s will.
In his letter to Miran, Warren asked: “Do you believe the President burns the Official Official Official Official?” He also checked him if he “support (s) support to get the FED responsibility to improve the whole job” from the bank’s double command.
The Fed is facing the wildest challenge of his freedom to set interest rates since the 1980s, with Trump Calling of Powell mortgage costs. The Fed Chair has The bank authority is defended In full US currency policy and promises to remain on top of the political fray.
Warren’s 27-page letter asked to declare his positions in various areas of Trump’s economic and health dismissal, policy development, financial prisons
The senator also expressed concern with potential miran conflicts. He is a senior Hudson Bay capital strategy, a large hedge fund.
The White House and Miran did not respond to requests for comment.
James Politi’s further reporting in Washington
