Senate Democrats express concerns over Trump's nominee, asserting dual roles jeopardize Federal Reserve independence.
Quiver AI Summary
Senator Jack Reed and fellow Senate Democrats have expressed concerns regarding President Trump's nomination of Stephen Miran to the Federal Reserve's Board of Governors. They argue that Miran's plan to maintain his White House role while serving on the Fed undermines the bank's independence, with Reed stating, "This arrangement would not serve the best interest of the American people."
During a Senate Banking Committee hearing, Miran indicated he would take a leave of absence rather than resign. The committee members criticized this dual role, emphasizing potential conflicts of interest and demanding a commitment from Miran to resign upon confirmation. They await further legal justification for this arrangement.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Jack Reed Net Worth
Quiver Quantitative estimates that Jack Reed is worth $333.3K, as of September 6th, 2025. This is the 424th highest net worth in Congress, per our live estimates.
Reed has approximately $276.8K invested in publicly traded assets which Quiver is able to track live.
You can track Jack Reed's net worth on Quiver Quantitative's politician page for Reed.
Jack Reed Bill Proposals
Here are some bills which have recently been proposed by Jack Reed:
- S.2338: Strengthening Local Food Security Act of 2025
- S.1904: Ending Taxpayer Support for Big Egg Producers Act
- S.1903: A bill to prohibit changes to Medicare and Medicaid in reconciliation.
- S.1576: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
- S.1467: Homebuyers Privacy Protection Act
- S.1400: Adult Education WORKS Act
You can track bills proposed by Jack Reed on Quiver Quantitative's politician page for Reed.
Jack Reed Fundraising
Jack Reed recently disclosed $652.6K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 105th most from all Q2 reports we have seen this year. 59.9% came from individual donors.
Reed disclosed $206.1K of spending. This was the 258th most from all Q2 reports we have seen from politicians so far this year.
Reed disclosed $2.5M of cash on hand at the end of the filing period. This was the 114th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Jack Reed's fundraising on Quiver Quantitative.
