Bloomberg Talks Massachusetts Senator Elizabeth Warren Talks Upcoming Miran Confirmation, Fed Independence
Sep 3, 2025
Elizabeth Warren, the Massachusetts Senator, offers keen insights into the significance of Federal Reserve independence while discussing Stephen Miran's nomination. She highlights the potential risks of political interference in economic decisions and elaborates on historical examples that led to instability. Additionally, discussions touch on Donald Trump’s influence in local elections and the complexities surrounding recent political controversies, including tariffs and the Epstein files, showcasing the intricate relationship between politics and economic policy.
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Protect Fed Independence First
- Elizabeth Warren warns the committee should prioritize oversight of Trump's attacks on Fed independence rather than rush a nominee.
- She argues Trump's moves to remove Fed officials threaten global confidence and risk economic instability.
Block Nominee To Defend The Fed
- Warren says she would try to block Trump's nominee to fill Lisa Cook's seat to defend Fed independence.
- She urges Republican senators to join in blocking any action that helps undermine the Fed.
Why An Independent Fed Matters
- An independent Fed insulates rate decisions from political pressure and supports economic stability.
- Undermining that independence can trigger loss of confidence and chaotic interest-rate outcomes as seen abroad.