The US Senate will hold a hearing on Milan's nomination to the Federal Reserve Board next week
2025-08-26 22:53:06
On August 27, according to Politico, according to two people familiar with the matter, the US Senate Banking Committee is expected to hold a hearing next week on the nomination of the (interim) governor of the Federal Reserve. The hearing was in preparation long before Trump took action against Cook and has not yet been officially announced. The hearing will test the level of Republican support for Trump's plan to radically reshape the Federal Reserve, and will also provide Democrats with a new opportunity to pressure Republican lawmakers to take a stand on maintaining the independence of the Federal Reserve. A Republican congressional aide said of Milan's nomination: "Now this is more of a political statement and a'referendum 'on Trump. < b > The nomination itself is out of the nominee's control . "
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
