Jerome Powell, the Federal Reserve Chairman, reveals whether interest rates will be reduced.
Federal Reserve Governor Stephen Miran said on Monday that he would be “as independent as possible” while he was serving in the central bank in the country, and he even takes a leave for his role within the Trump administration.
During a discussion in the Economic Club in New York, Miran confirmed that his political decisions will be based on economic statements and the double federal reserves – responsibility for enhancing the maximum employment and stable prices – instead of being affected by political pressure, even if this pressure will come directly from the president Donald Trump.
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Stephen Miran, the Federal Reserve Governor, speaks during an economic club at New York lunch in New York, on Monday, September 22, 2025. (Michael Nagle/Bloomberg/Getty Images/Getty Images)
When asked about how to respond that Trump personally contacted and ordered him to take certain measures in the federal reserve, Miran said he would “listen with respect” and “look at his argument” regarding fiscal policy, but in the end he will make his own decision.
Miran said that Trump “has never asked me to put politics in a specific way.”
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A pedestrian passes the Marriner S. Eccles Federral Reserve building in Washington, DC, on Saturday, June 3, 2023. (Nathan Howard / Bloomberg / Getty Emp)
Trump Miran, who is leading the Economic House of Economists at the White House, took advantage of August 7 to fill the seat that the ruler of the Federal Reserve, Adriana Kogler, who resigned in August. The remainder of the state of Kogler, which ends on January 31, 2026, will end.
Miran, a veterans in both the Trump administrations, said he would take a leave from White House While in the federal reserve.
The Senate confirmed frankly Miran on September 15, that is, a day before the Federal Reserve meeting.
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The head of the Economic House of Economists at the White House, Stephen Miran, is moving towards the western wing of the White House after conducting television interviews in the northern park on August 12, 2025 in Washington, DC. (Andrew Harnik / Getty Images / Getty Images)
The Federal Open Market Committee meeting for two days (FOMC) determines the interest rates that are crowned through the economy, and the formation of what the Americans pay on real estate loans, car loans and credit cards.
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During the FOMC meeting last week, Miraan was the only defector in Resolution 11-1 to reduce interest rates by a quarter of a percentage.
For several months, Trump pressed the chairman of the Federal Board Jerome Powell To reduce prices to help stimulate the economic growth of the nation.
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