The Senate Banking Committee is preparing to hold a hearing on Stephen Miran, President Trump’s nominee to the Federal Reserve Board of Governors, as early as next week, Bloomberg News reported Tuesday, citing a person familiar with the matter. Reuters noted it could not independently confirm the report (Reuters).

Miran, a Harvard-trained economist who currently chairs the Council of Economic Advisers, was formally nominated on August 7 to fill the seat vacated by Governor Adriana Kugler, whose term ends in January 2026 (Axios). His nomination is central to Trump’s push to align the Fed with his broader economic agenda, including lower interest rates and a weaker dollar to support U.S. manufacturing.

The White House has been lobbying aggressively to move Miran’s confirmation quickly, hoping he could be seated before the Fed’s September policy meeting (Politico). Democrats, however, have raised concerns over Miran’s past criticisms of Fed independence. Senator Elizabeth Warren vowed to press him on whether he would serve as a neutral policymaker or a Trump loyalist (Senate Banking Committee statement).

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