Trump nominates Milani to serve as a Federal Reserve governor, pledging to uphold the central bank's independence and dual mandate
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Stephen Milan has been nominated by Donald Trump as a candidate for the Federal Reserve Board, promising to uphold the independence of the Federal Reserve and its dual mandate of "price stability and maximum employment." Milan emphasized that the core responsibility of the central bank is to prevent economic downturns and hyperinflation, stating that he will perform his duties based on congressional authorization and focus on the Federal Reserve's balance sheet issues. The Senate Banking Committee will hold a hearing on Thursday, and Milan's appointment aims to fill the vacancy left by Adriana Kugler's departure
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