By bizn_fun 
Economists say Trump’s campaign risks undermining the credibility of the bank, which is charged with keeping prices and employment stable and has been designed to set policy independently from the White House.
Lawmakers from both parties told Miran that it was critical that the bank’s governors determine interest rates without regard to politics.
But while Republicans widely indicated they would support his confirmation, Democrats said Miran’s decision to maintain his White House post was a sign he would be responsive to Trump’s demands.
Senator Jack Reed of Rhode Island called the arrangement “ridiculous”, while Senator Andy Kim of New Jersey asked: “Why do you even want this job for four months if you’re just hedging your bets and continuing your role at the White House?”
Miran said he would resign his White House post if he was nominated to serve a longer term.
Miran’s nomination is expected to advance to a full vote in the Senate, where Republicans hold a majority.
Senator John Kennedy, a Republican, urged Miran to ignore political considerations if confirmed.
“You’ve got to call them like you see them and ignore – nothing wrong with people giving their advice – but ignore all the rhetoric,” he said.
Warren said Republicans were ignoring the “elephant in the room” in their willingness to green-light Miran’s elevation.
“If we allow the Fed to become a political football, every American consumer, every American worker and every American business will pay a long term price,” she said.