By JOSH BOAK, Associated Press
WASHINGTON (AP) — Stephen Miran, President Donald Trump’s pick to join the Federal Reserve board, said Thursday that he would remain a White House employee even if the Senate confirms him to fill an unexpired term as a governor for the central bank.
Miran, who was nominated to fill a term set to expire in January, made the disclosure at his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee.
He said he would instead take an “unpaid leave of absence” as chairman of the White House Council of Economic Advisers on the advice of his lawyers and would only resign from the administration if he were nominated for a longer term at the Fed.
Related Articles
Americans would save $100B if credit card rates were capped as Trump proposed, researchers say
If Trump’s biggest tariffs get thrown out, companies could get a refund — but not consumers
The District of Columbia sues over Trump’s deployment of the National Guard
Trump says US would be on ‘brink of economic catastrophe’ unless justices rule his tariffs are legal
Trump asks Supreme Court to quickly take up tariffs case and reverse ruling finding them illegal
Leave a Reply