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Stephen Miran Vows Fed Independence While Retaining White House Role
Stephen Miran Vows Fed Independence While Retaining White House Role
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BTCCSquare news:
Stephen Miran, currently chair of the Council of Economic Advisers, testified before the Senate Banking Committee on Thursday, pledging to maintain Federal Reserve independence if confirmed as a governor—without resigning his WHITE House post. His proposed arrangement involves taking an unpaid leave from the CEA during his four-month Fed term, citing legal counsel's guidance.
Lawmakers expressed skepticism about dual loyalties. "You're technically an employee of the president and an independent Fed board member. That's ridiculous," said Senator Jack Reed (D-R.I.). The role Miran seeks was vacated by Adriana Kugler and expires January 31.
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