Elena Milan is nominated to serve as Fed Chair in a debate on transparency and professionalism

The U.S. Senate Banking Committee, with bipartisan support, advanced Dr. Elena Milan's nomination to the Federal Reserve Committee on her expertise in monetary policy and financial regulation. Dr. Milan is currently a senior fellow at the Peterson Institute for International Economics and is expected to enhance the Fed's analytical capabilities, especially in terms of global financial stability. Despite concerns over her previous transparency as a consultant, no formal objection appeared at the hearing. Her nomination will bring a diversified perspective to the Fed's inflation and employment responsibilities.