Federal Reserve Governor Stephen Miran said Monday that he will be "as independent as I can" while serving at the nation’s central bank, even as he takes a leave of absence from his role within the Trump administration.
During a discussion at the Economic Club of New York, Miran emphasized that his policy decisions would be based on economic data and the Federal Reserve’s dual mandate—the responsibility to promote both maximum employment and stable prices—rather than being swayed by political pressure, even if that pressure were to come directly from President Donald Trump .
When asked how he would respond if Trump personally called and directed him to take certain actions at the Federal Reserve, Miran said he would "respectfully" listen and "consider his argument" on financial poli