Congress
Senate confirms Trump adviser Miran to Fed board
The Senate voted 48-47 on Monday to confirm White House chief economist Stephen Miran to the Federal Reserve board, paving the way for him to participate in the central bank’s interest-rate setting meeting that begins Tuesday.
Miran’s addition to the Fed will be President Donald Trump’s first concrete mark on the institution during his second term, and it could give him unusually direct influence over a member of the central bank, which is designed to be insulated from short-term political pressures.
Miran is merely taking a leave of absence from his job as chair of the Council of Economic Advisers, rather than resigning, an arrangement that Republican senators decided not to contest, citing the fact that Miran’s term on the Fed is set to expire in January.
Trump has spent much of the year haranguing Fed Chair Jerome Powell for keeping rates elevated, and Miran has also suggested that borrowing costs should be cut. But Powell has already signaled that the Fed will lower rates this week regardless of the Trump adviser’s presence, citing weakening in the job market.
Miran, who holds a Ph.D. from Harvard University, says he plans to return to the White House at the end of his term, though he has not formally committed to leaving the Fed at that time and could stay on indefinitely unless the president taps someone else for the seat.
The length of his tenure could depend on whether Trump is successful in his bid to fire Fed board member Lisa Cook, a matter that is being litigated. If Cook stays at the central bank, Miran’s seat could be the only open spot available for Trump’s choice for Fed chair.
Before joining the White House, Miran proposed reforms to the Fed that would give the president more authority over the central bank, including making it easier to fire board members and shortening their 14-year terms.
Since his time in the administration, he has argued that tariffs are unlikely to lead to the kind of inflation that would require a policy response from the Fed. Powell, for his part, has cited uncertainty over the impact of tariffs on prices as a prime reason that he held the line on interest rates, but in recent weeks has cited risks to the job market as more pressing.
Sen. Bernie Sanders will hit the road for Troy Jackson in Maine starting Oct. 10, the first time the progressive leader will stump for the candidate this cycle.
The Vermont independent plans to hold three rallies with Jackson, according to an itinerary shared first with Blue Light News: first in Bangor on Oct. 10th followed by Lewiston and Biddeford on Oct. 11.
The Maine swing will kick off Sanders’ travel for the final stretch of the midterms, covering ground throughout October for House and Senate candidates, POLITICO reported.
“Bernie and Troy know that working people built this country and deserve a government that fights for them,” Jackson spokesperson Dan Gottlieb told Blue Light News. “Susan Collins has had nearly 30 years to deliver, and working Mainers are still getting squeezed while she serves the billionaires and corporate interests who bankroll her campaigns. Mainers don’t need another six years of excuses.”
Sanders campaigned ahead of major wins for progressives in the primary season, speaking at more than 60 rallies since last year’s Fight the Oligarchy tour and endorsing more than 90 candidates up and down the ballot.
He’s also opening his substantial $23 million campaign war chest, POLITICO reported, and contributing hundreds of thousands of dollars toMinnesota Lt. Gov. Peggy Flanagan’s Senate campaign and others including Angie Nixon in Florida and Minnesota Attorney General Keith Ellison,
Sanders will return to Maine after initially backing Graham Platner’s campaign for Senate. Allegations reported by POLITICO ultimately led him to call on the Democratic nominee to drop out of the race.
Sanders had not formally endorsed Jackson since he clinched the nomination from Platner, though he previously backed Jackson’s initial run for governor.
House Financial Services Chair French Hill said he has “no concerns” about winning back his Arkansas seat in the upcoming midterm elections, but the six-term House member acknowledged the political headwinds for his party.
“I consider the atmosphere a very tough political environment right now because of President [Donald] Trump’s lack of favorability at the top, and you know people are concerned about, as I say, what it’s like to live under an inflated economy the last four years,” Hill said in an interview.
Hill is in a solidly red district, according to the nonpartisan Cook Political Report, and said he is up against a “weaker candidate this time than I’ve had in past races.” Polling in the district, however, has shown a tighter race. The two polls done this year placed Democratic challenger Chris Jones ahead of Hill by a few percentage points. Any perceived polling victory for Jones is still well within the margin of error, and one of the polls had a Democratic sponsor.
Stephannie Lane Baker, a spokesperson for Jones, said that “of all the Republicans in Congress, the chairman of the Financial Services Committee doesn’t get to dodge responsibility for this economy. He’s in trouble, and he knows it.”
Additionally, Illinois Gov. JB Pritzker’s PAC, Ready for the Fight, committed more than $1 million in television ads through the next five weeks for Jones’ race in Arkansas’s 2nd District, Jordan Abudayyeh, a spokesperson for the PAC confirmed. Overall Democratic spending on advertising for the race was just over $1 million, primarily made up by contributions from the Ready for the Fight PAC, with Republicans spending almost $2.7 million on ad buys, according to AdImpact, an advertising tracking service.
Hill said he has addressed affordability concerns “head on” this Congress.
“My work on housing, my work on the Price Stability Act, my work to try to reduce waste, fraud, and abuse, and drop the federal budget deficit as a percentage of GDP,” Hill said. “All these things can contribute to a more affordable environment for people. So I’ve tried to make that a forefront of my campaign this year.”
Hill was a key architect of the 21st Century ROAD to Housing Act, a bipartisan housing affordability bill that became law in July. The Price Stability Act, which is unlikely to become law this year, would narrow the Federal Reserve’s current dual mandate of pursuing maximum employment and price stability to focus exclusively on containing inflation.
Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sens. Bernie Sanders (I-Vt.) and Jeff Merkley (D-Ore.) on Friday released text of legislation intended to ban the use of Flock surveillance cameras and other license plate readers.
Flock has faced severe public backlash against the surveillance technology following reports that police officers misused the technology to track women, and it has the largest network of license plate readers across the U.S. Sens. Josh Hawley (R-Mo.) and Dick Durbin (D-Ill.) hosted a hearing last month probing its potential misuses, although the company’s CEO Garrett Langley did not appear.
The latest bill, unveiled Friday and named the Ban Flock Act, would bar federal agencies from using automated license plate readers or accessing data from the technology and prevent federal grants from funding states and local governments that use automated license plate readers.
“At a time of growing concern about the unchecked power of artificial intelligence, Flock is eviscerating the very notion of privacy by installing tens of thousands of cameras in communities across America without their consent,” Sanders, who has positioned himself as a leading progressive voice on AI technology, said in a statement. “We cannot allow America to become a surveillance state where a handful of AI oligarchs profit by giving the government the power to track our every movement.”
Ocasio-Cortez similarly condemned the surveillance capabilities of the technology and said the bill would “enforce our constitutional right to privacy and protect Americans from both corporate and government surveillance.”
“No one should have this unchecked surveillance power at their fingertips,” Merkley added.
Republicans have introduced similar efforts to regulate license plate readers, such as Hawley’s Stop Flock Abuse Act, which would require audits and limits on unauthorized searches.
Flock did not immediately respond to a request for comment.
- Sanders to rally for Troy Jackson in Maine
- Hill: Trump’s ‘lack of favorability’ creating challenging politics
- Hochul eyes changes to state’s rape law amid Cornell crisis
- Kansas becomes a surprise Senate battleground
- Musk-led war commission triggers alarms in Pentagon
- ‘Blackmail’: Europe fumes against White House demand for more diesel
- Top GOP groups scale back North Carolina spending
- October
- Sanders, AOC, Merkley propose bill to ban Flock cameras
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