"Warren Slams Trump: Probe Threats to Fed Independence"

Senator Elizabeth Warren Demands Investigation into Trump's Threats to Fed Independence In a move that has sparked concerns over the potential erosion of the Federal Reserve's autonomy, Senator Elizabeth Warren is calling on a Senate banking panel to scrutinize President Trump's attempts to undermine the central bank's independence. According to NPR News, Warren is expected to grill White House economist Stephen Miran during his confirmation hearing, citing his past criticisms of the Fed's independence and advocacy for more direct presidential oversight. The nomination of Miran, who chairs the White House Council of Economic Advisers, has raised eyebrows among Democrats on the Senate Banking Committee. According to NPR News, Warren wants the panel to focus on Trump's attacks on the Fed's independence, which she believes are a threat to the country's economic stability. "We need to make sure that we're not undermining the independence of the Federal Reserve," Warren said in an interview with NPR. The controversy surrounding Miran's nomination is not new. In 2019, he wrote an op-ed piece criticizing the Fed's independence and advocating for more direct presidential control over monetary policy. This has led many to question whether Miran's views align with the principles of a central bank that operates independently of political influence. According to NPR News, Warren is expected to grill Miran during his confirmation hearing, which is scheduled to take place on September 4, 2025. The hearing will be closely watched by economists and financial experts who are concerned about the potential implications of Trump's attacks on the Fed's independence. The Federal Reserve has long been seen as a bulwark against presidential overreach in monetary policy. Its independence allows it to make decisions based on economic data rather than political considerations, which is essential for maintaining price stability and promoting economic growth. Warren's demand for an investigation into Trump's threats to the Fed's independence comes at a time when the central bank is facing increasing pressure from the White House to adopt more expansionary monetary policies. According to NPR News, Trump has been critical of the Fed's decision to raise interest rates in 2018, which he believes was a mistake that hurt the economy. The Senate banking panel is expected to hold a hearing on Miran's nomination soon, and Warren's demand for an investigation into Trump's threats to the Fed's independence is likely to be a major topic of discussion. As the hearing approaches, economists and financial experts are watching with bated breath, wondering what implications this controversy may have for the country's economic stability. In a statement released by her office, Warren said, "The Federal Reserve must remain independent and free from political interference if we want to maintain a stable economy." She added that she will continue to fight against any attempts to undermine the Fed's independence. As the Senate banking panel prepares to grill Miran during his confirmation hearing, one thing is clear: the fate of the Federal Reserve's autonomy hangs in the balance. This story was compiled from reports by NPR News and BREAKING: NPR News.