Wednesday, Sept. 8 — Virginia’s U.S. Sen. Mark R. Warner, a senior member of the Senate Banking Committee, released the following statement ahead of a scheduled committee vote on the nomination of Stephen Miran to the Federal Reserve Board of Governors:

 “The Federal Reserve was designed to make decisions free from political interference, guided by data and the long-term stability of our economy, not the political agenda of any one president. Donald Trump has made clear he wants to tear down that independence, just as he has with so many of the institutions that have kept our democracy and our economy strong. His nomination of Stephen Miran to the Fed Board is yet another step in that dangerous campaign.

“Let’s be clear: under President Trump’s leadership, American families are already feeling the squeeze. Prices for everyday necessities are high and rising, while Trump’s reckless trade wars, chaotic tariffs, and deficit-busting tax cuts have left our economy weaker and more vulnerable. Now, by trying to stack the Fed with political loyalists, Trump is laying the groundwork for even more instability for consumers.

“The independence of the Fed is a cornerstone of America’s economic strength. Undermining it will only make it more difficult to get costs under control, weaken confidence in our markets, and make things harder for working families just trying to make ends meet. For that reason, I strongly oppose the nomination of Stephen Miran, and I urge my colleagues to reject this latest effort to politicize the Federal Reserve.”