Washington —

President Donald Trump’s ambition to revamp the Federal Reserve could get a significant boost at a confirmation hearing Thursday. The future of the world’s most powerful central bank and the direction of the US economy stand in the balance.

At 10 a.m., the Senate Banking Committee will hold a hearing to consider the nomination of Stephen Miran, one of Trump’s top economic advisers, to fill a vacant seat on the Fed’s Board of Governors. It’s a crucial step in Trump’s efforts to reshape the Fed, potentially eroding its long-accepted independence from politics, which in part has helped the US economy grow to and remain the world’s largest over the past century.

Meanwhile, less than a mile away from Capitol Hill, a federal judge will review new court filings from the Trump ad

See Full Page