President Trump's nominee to fill an open seat on the Federal Reserve board faced tough questions from Senate Democrats Thursday about whether he would take direction from the president in setting interest rates — but with broad support from Senate Republicans Stephen Miran appeared poised to win confirmation.

Miran currently serves as chairman of the president's Council of Economic Advisers. His nomination for the important Fed post has crystalized concerns about Trump's efforts to exert more control over the central bank, threatening decades of Fed independence.

"We cannot ignore the elephant in the room and that is that President Trump has launched an all-out assault on the independence of the Federal Reserve," said Sen. Elizabeth Warren, D-Mass., the top Democrat on the Senate Bankin

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