Leader Schumer Floor Remarks Denouncing The Nomination Of Trump Loyalist Stephen Miran To The Federal Reserve Board

Washington, D.C. - Senate Democratic Leader Chuck Schumer (D-NY) today spoke on the Senate floor to denounce the nomination of Trump loyalist Stephen Miran to the Federal Reserve Board ahead of the vote on his confirmation, citing Miran's history of terrible economic policies that have unnecessarily raised prices for the American people. Below are Senator Schumer's remarks, which can also be viewed here:

Today, the Senate will vote on Donald Trump's nominee for the Federal Reserve Board, Stephen Miran.

Mr. Miran's nomination is bad news for every American who is suffering from Donald Trump's disastrous economic agenda.

He serves as Chairman of the CEA, the Council of Economic Advisors, and is the chief architect of so many of this administration's failed economic policies that are raising prices for families.

Mr. Miran was heavily involved in the rollout of the Trump tariffs.

And he even claimed that: "There continues to be no evidence whatsoever of any tariff-induced inflation." Ask the average American family.

What kind of a bubble is Mr. Miran living in? Companies have explicitly cited tariffs for the reason prices are going up. That sure sounds like pretty significant "evidence" to me.

No evidence of inflation? Tell that to grocery shoppers, to people buying coffee, to shoppers at Walmart and Amazon. Sticker shock has been the story of the summer for many Americans, all because of those awful tariffs.

Mr. Miran will be nothing more than Donald Trump's mouthpiece at the Fed.

He has no independence. No sympathy for American families and businesses suffering from his policies. And a fundamental misunderstanding of how the American economy works.

I strongly oppose Mr. Miran's nomination.

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