Federal Reserve Board nominee Milan pledges to uphold central bank independence

ChainCatcher News, according to Golden Ten Data, the U.S. Senate Banking Committee will hold a hearing on Thursday morning local time for Stephen Milan, the Federal Reserve Board nominee appointed by Trump. In his hearing remarks, Milan stated that the independence of the central bank is a key element of success and pledged to faithfully fulfill his duties and uphold the independence of the Federal Reserve. He also raised questions about the Fed's regulatory activities, particularly regarding the composition of the central bank's balance sheet.