Federal Reserve Mouthpiece: It is rare for Federal Reserve Board nominee Milani to consider retaining White House position during the term

ChainCatcher news, according to Jinshi Data, "Fed mouthpiece" Nick Timiraos stated that the Federal Reserve Board nominee Milan, nominated by President Trump, indicated that after completing a short-term position at the Federal Reserve, he is considering returning to his original post at the White House next year—such an arrangement has no precedent in decades since Congress attempted to separate the executive branch from the Federal Reserve.

Milan stated during his confirmation hearing in the Senate on Thursday that lawyers suggested he could take an unpaid leave from his current position as chairman of the White House Council of Economic Advisers, so he could return without undergoing a new round of Senate confirmation next year. Milan was nominated to replace Kugler, who unexpectedly resigned last month, with a term that will last until January 31, 2026.

Democratic lawmakers questioned whether this arrangement might affect his promised ability to exercise independent judgment. South Dakota Republican Senator Mike Rounds subsequently expressed surprise at the proposal to reporters, but no Republican lawmakers indicated they would oppose Milan's nomination confirmation.