Trump’s Fed Pick Draws Democratic Fire at Confirmation Hearing

President Donald Trump’s pick to fill a vacant seat on the Federal Reserve’s Board of Governors pushed back against Democratic concerns that he would merely do Trump’s bidding at the central bank, even as he acknowledged he would retain his White House job.

In his confirmation hearing before the Senate Banking Committee on Thursday, Stephen Miran said he intends to take an unpaid leave of absence from his post as chair of the White House Council of Economic Advisers if confirmed to the Fed for a term that is set to expire at the end of January.

Miran also ...