Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, published a letter to Council of Economic Advisers chair-designate Dr. Stephen Miran ahead of his nomination hearing, seeking clarification on his economic policy positions and requesting transparency and recusals to address potential corporate conflicts of interest. The letter asks Miran to explain his positions on lowering costs, tariffs, tax cuts for wealthy individuals and large corporations, and the production of accurate economic forecasts. Warren also presses him on past statements questioning the Federal Reserve’s independence, including proposed overhauls that would make members of the Federal Reserve Board removable by the President at will, and raises concerns about how the President’s proposed tariffs would affect working Americans and whether exemptions could create carveouts for special interests. Warren asked Miran to provide written responses before any Banking Committee vote to advance his nomination and to be prepared to address the questions at the 27 February 2025 hearing.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-02-24
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member presses CEA chair nominee Stephen Miran on Fed independence and potential conflicts
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, sent a letter to Dr. Stephen Miran, chair-designate of the Council of Economic Advisers, seeking clarification on his economic policy positions and potential conflicts of interest. The letter questions Miran on cost reduction, tariffs, tax cuts, and Federal Reserve independence. Warren requests written responses before the committee vote and expects Miran to address these topics at his nomination hearing.