Golden Finance reports that two informed sources revealed that the U.S. Senate Banking Committee is expected to hold a hearing next week on the Federal Reserve (temporary) board nominee, Milan Ming. This hearing has been in preparation since before Trump's actions against Cook, and has not yet been officially announced. The hearing will test the level of support among Republicans for Trump's radical reshaping of the Federal Reserve, while also providing Democrats with a new opportunity to pressure Republican lawmakers to clarify their stance on maintaining the Federal Reserve's independence. A Republican congressional aide commented on the Milan nomination, saying, "Now it feels more like a statement of political position, and also a 'referendum' on Trump. The nomination itself has already moved beyond the control of the nominee." (Golden Ten)