FRB Nominee Milan Pledges to Safeguard Central Bank Independence
Milan, nominated to the Federal Reserve Board, affirmed his commitment to preserving the institution’s independence if confirmed by lawmakers.
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Terms & Concepts
Federal Reserve Board (FRB): The governing body of the Federal Reserve System, responsible for overseeing U.S. monetary policy and bank regulation.
Central Bank Independence: The principle that a nation’s central bank operates free from direct political influence to ensure effective and impartial monetary policy.