Young Oak Kim: “I rise today to raise my concerns about a vote we are about to take on the nomination of Stephen Miran for the Board of…”

“I rise today to raise my concerns about a vote we are about to take on the nomination of Stephen Miran for the Board of the Federal Reserve. I rise because the scarcest resource that we have in politics right now is trust, and, unfortunately, trust is also the most important resource we need to heal our broken Nation. I took part in a hearing 2 weeks ago for the nomination of Dr. Miran. I have had a chance to be a part of a lot of different confirmations here during my time in the Senate so far, and I have heard a lot of different crazy things, but, still, one part of this hearing really stood out to me. Now, mind you, this is someone who previously said: To pretend that one can easily shift between highly political and allegedly nonpolitical roles without letting political biases inform policy is at best naive--and at worst sinister. Those are the words of Dr. Miran himself talking about the concerns of politicization of the Federal Reserve, about the inability to be able to separate some of our political biases from the work that needs to happen at the Fed if we have people who are too close to the White House, too close to the President.”