President Donald Trump's nomination for Federal Reserve, Stephen Miran, emphasized his commitment to independence during a challenging Senate Banking Committee hearing. Democrats expressed concerns that Miran's appointment could jeopardize the central bank's autonomy in making monetary policy decisions. Miran, who currently leads Trump's Council of Economic Advisors, underwent rigorous questioning lasting two hours and 20 minutes regarding his ability to make interest-rate decisions without being influenced by the president. The hearing took place ahead of the Fed's upcoming September 16-17 meeting. Miran reassured senators by stating, "I'm always open to considering viewpoints from various sources to challenge and question my own perspectives." Further details can be found on Benzinga.com.