Miran calls Fed independence 'paramount' but declines to elaborate - CNBC

Aug 12 (Reuters) - President Donald Trump's nominee to the Federal Reserve Board of Governors on Tuesday said the U.S. central bank's independence was 'of paramount importance' but declined to elaborate further, citing his coming approval process in the Senate.

"I've always been clear that the independence of the Fed is of paramount importance," Stephen Miran, who is currently chair of the White House Council of Economic Advisers and who last year laid out a case for increasing presidential control of the Fed board, told CNBC. "But...I do have the nomination going in front of the Senate and I really can't speak about that and get ahead of the Senate process."