Reported about 15 hours ago
Stephen Miran, currently the chair of the Council of Economic Advisers, assured lawmakers of his commitment to uphold the Federal Reserve's independence if confirmed as a governor on the Fed Board while planning to remain in his White House position, albeit on an unpaid leave. Some lawmakers expressed doubt about his ability to maintain independence while serving both roles. During a two-hour Senate hearing, Miran emphasized his dedication to independent analysis and proposed reforms to enhance the Fed's governance, assuring that he would resign if nominated for a longer term.
Source: YAHOO