WASHINGTON: Donald Trump's pick to join the Federal Reserve's board of governors pledged on Thursday (Sep 4) to uphold US central bank independence if confirmed, as the institution faces growing political pressure from the president to slash interest rates. "The Federal Open Market Committee is an independent group with a monumental task, and I intend to preserve that independence," Stephen Miran, who chairs the White House Council of Economic Advisors, told senators at his confirmation hearing.

Tag-uri: Donald Trump