Trump Gets Critical Republican Support

Democrats Panic as Trump Moves to Restore Stability to the U.S. Economy

Sen. Thom Tillis (R-N.C.), a senior member of the Senate Banking Committee, announced he will support President Trump’s nominee for a temporary seat on the Federal Reserve’s Board of Governors, despite aggressive Democrat opposition.

The nominee, Stephen Miran, currently serves as head of Trump’s Council of Economic Advisers (CEA). President Trump tapped Miran to fill the seat vacated by Biden appointee Adriana Kugler, who abruptly resigned last month without explanation. Kugler was placed on the board by Biden in 2023.

Why Tillis Supports Trump’s Pick

Tillis emphasized that keeping the Federal Reserve independent from political influence is essential but said Miran’s six-month appointment poses no threat to that independence.

“With his intent to potentially return to the CEA, I wouldn’t support him for a long-term role,” Tillis said. “But for this short-term position, I will vote to confirm him.”

Tillis made it clear that he opposes a revolving door between the White House and the Federal Reserve:

“It has to be a one-way street. Moving back and forth between senior administration roles and the Fed undermines public trust.”

If confirmed, Miran is expected to participate in no more than three key meetings of the Federal Open Market Committee (FOMC) before his term ends in January.

Democrats Panic and Push Back

Democrats on the committee are fighting Trump’s nominee tooth and nail, even sending Miran a sharply worded letter demanding that he resign completely from his White House role before serving at the Fed.

“It is absurd to think you could make independent decisions about monetary policy while maintaining ties to the Trump administration,” they wrote, claiming Miran’s appointment “would not serve the best interests of the American people.”

With Republicans holding only a narrow 13-11 majority on the committee, every GOP vote matters. If even one Republican sides with Democrats, they could block Trump’s nominee.

Why This Matters for the Economy

President Trump has vowed to restore fiscal sanity after years of economic chaos under Joe Biden. Inflation skyrocketed under Biden’s policies, leaving retirees and working families struggling.

Miran’s appointment is viewed as a critical step toward stabilizing the economy, holding the Fed accountable, and reining in runaway inflation.

This move also signals that Trump is serious about protecting American families from the financial devastation caused by reckless spending and weak leadership under Biden.

Key Takeaways:

• Trump’s nominee Stephen Miran will serve a short-term role to bring stability to the Federal Reserve.
• Democrats are in panic mode, trying to block Trump’s move to restore accountability.
• The Senate Banking Committee’s slim GOP majority means every vote is critical.
• Trump is focused on fighting inflation and protecting the retirement savings of millions of Americans.

Bottom Line

This battle isn’t just about one nomination — it’s about Trump’s fight to protect America’s economy and stop Democrats from politicizing the Federal Reserve. With the economy at a tipping point, this showdown could have massive consequences for retirees, investors, and working families across the nation.