The U.S. Senate will hold a hearing next week on the nomination of Milan to the Fed.

[The U.S. Senate will hold a hearing next week on the nomination of Milan to the Federal Reserve Board of Governors] Two informed sources revealed that the U.S. Senate Banking Committee is expected to hold a hearing next week on the nomination of Milan as a (temporary) member of the Fed. This hearing has been in preparation since before Trump took action against Cook and has not yet been officially announced. The hearing will test the extent of Republican support for Trump’s radical reshaping of the Fed, while also providing Democrats with a new opportunity to pressure Republican lawmakers to clarify their stance on maintaining the Fed's independence. A Republican congressional aide commented on Milan's nomination, saying: "Right now, this feels more like a statement of political position and a 'referendum' on Trump. The nomination process itself has already gone beyond the control of the nominee." ( Jin10 )