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Federal Reserve Echo Chamber: Nominee Milan Considers Retaining White House Position Rare Arrangement
Summary: According to sources, as reported by Golden Ten, Federal Reserve Echo Chamber Nick Timiraos wrote that Milan, the nominee for Federal Reserve Board member appointed by President Trump, has expressed his intention to return to his original White House position next year after completing a short-term tenure at the Federal Reserve - a move that ...
According to sources, as reported by Golden Ten, Federal Reserve Echo Chamber Nick Timiraos wrote that Milan, the nominee for Federal Reserve Board member appointed by President Trump, has expressed his intention to return to his original White House position next year after completing a short-term tenure at the Federal Reserve - a move that has no precedent in decades since Congress attempted to separate the executive branch from the Federal Reserve.
During a confirmation hearing in the Senate on Thursday, Milan stated that his lawyers advised him to take unpaid leave from his current position as Chairman of the White House Council of Economic Advisers so that he can return next year without needing a new round of Senate confirmation. Milan was nominated to replace Kudlow, who unexpectedly resigned last month, leaving the term to continue until January 31, 2026.
Democratic lawmakers have raised concerns that this arrangement may affect his ability to make independent judgments as promised. Republican Senator Mike Rounds of South Dakota later told reporters that he was surprised by the proposal, but no Republican lawmakers have indicated they will oppose Milan's confirmation due to this.
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Link: Federal Reserve Echo Chamber: Nominee Milan Considers Retaining White House Position Rare Arrangement [Copy]
