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Trump Fed nominee vows independence, unpaid leave from White House if Senate confirms him

1. Stephen Miran emphasizes Fed's independence to Senate Committee. 2. Miran would take unpaid leave if confirmed as Fed governor. 3. He insists on personal economic analyses, challenging political influence. 4. Investigation launched into Fed Governor Lisa Cook for mortgage fraud. 5. Ongoing concerns over Fed's independence amidst political pressures.

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FAQ

Why Bullish?

Miran's commitment to Fed independence could positively influence market stability, supporting bullish sentiment. Historical examples show that Fed independence strengthens investor confidence, as seen during past confirmations like Jerome Powell's.

How important is it?

The focus on Fed independence is critical for market performance, impacting investor sentiment and policy decisions.

Why Short Term?

The potential for short-term market reactions exists around Miran's confirmation and Fed policy directions.

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