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Democrats are demanding that Donald Trump completely be an economic advisor in the United States committed to the independence of the Federal Reserve, as Congress examines the president’s efforts to expand more control over the central bank.

Elizabeth Warren, the largest democracy in the Senate Banking Committee, has sent message To the White House, Stephen Miran asks Trump’s candidate to head the Council of Economic Advisors (CEA), whether “he will commit to supporting the federal reserve independence from political influence.”

The letter, dated February 21, which was seen in the Times, comes before Miran’s confirmation session before the Senate -controlled committee on Thursday.

Trump He used the first month of his second term to expand his executive powers, including by tightening control of the White House on independent agencies and organizers.

Last week, Trump signed an executive order to curb it Independent financial monitoringDirecting them to “consult” with the White House on “their priorities and strategic plans.” The supervisory role of the chatting of the financial sector was targeted, although its monetary policy functions were exempt.

the CEA It is a group of three people who advise the president to economic policy, and its president can have an important impact on economic issues.

Miran, who served as a policy consultant for the Treasury during the first period of Trump, is The explicit critic Federal Reserve Chair, Jay Powell. He also called for narrowing the scope of the central bank’s independence, on the pretext that it does not actually work independently and is in nature in tension with the American constitutional system.

in paper Last year, Miran wrote that the “pure independence of the bank” is not compatible with a democratic system, “and it has instead led to” major mistakes in monetary policy “.” I have followed a more more consistent monetary and organizational agenda with an explicit political institution. ” .

Miran went out to Powell to urge him to further financial and monetary stimulation in October 2020, about a month before the elections of that year, to help the economic recovery amid the Covid-19s.

“Powell was a political and economist when he urged Congress to” great motivation “in financial motivation in October 2020, on the eve of the presidential elections,” he wrote in X in September.

One of the proposed reforms was to make the members of the Federal Reserve Board and the branch leaders be removed by the president at the will.

In her message to Miran, I asked Warren: “Do you think the president can shoot [Fed] Board official? “She also verified it on whether” he supports[s] Suggestions to remove the responsibility of the Federal Reserve to enhance full employment “from the double mandate of the bank.

The Federal Reserve has the most famous challenge for its independence to determine interest rates since the 1980s, with Trump Powell to reduce borrowing costs. Federal Reserve Chair Defend Above American monetary policy and pledged to stay above the political battle.

Warren’s 27 -page letter asked Miran to mention his positions in the various basic economic policy fields, including Trump’s agendas, trade, economic expectations, financial policy, price reduction, financial organization, and the economic impact of migration.

Al -Senator also expressed concern about Miran’s potential conflict of interests. He is a great strategic expert at Hudson Bay Capital, a large hedge box.

The White House and Miran did not respond to the suspension requests.

Participated in additional reports by James Politi in Washington