White House Economic Adviser Miran said the Federal Reserve’s independence "is paramount," underscoring the Biden administration’s public support for a central bank free from political pressure. Speaking in a CNBC interview on 12 August, Miran stressed that an autonomous Fed is essential for maintaining market credibility and effectively managing inflation and employment objectives. Miran’s comments come as policymakers and investors scrutinize the Fed’s policy path following a series of aggressive rate increases aimed at cooling inflation. By publicly backing the Fed’s autonomy, the White House seeks to reassure markets that monetary decisions will remain insulated from short-term political considerations.
White House Economic Adviser Miran on The Fed: Independence is paramount.
White House Economic Adviser Miran Says "Independence Is Paramount" for the Federal Reserve in CNBC Interview 🏛️📈
White House Economic Adviser Miran Says "Independence Is Paramount" for the Federal Reserve in CNBC Interview