"Federal Mickey Bottle": It is rare for Fed nominee Milan to consider retaining White House positions during his term of office.
Source: BlockBeats
Time: 2025-09-05 04:33:43
BlockBeats News, on September 5, Nick Timiraos, the "Federal Mouthbolt" said that Milan, the candidate for Federal Reserve nomination for U.S. President Trump, said that after the Fed completed his short term, he is considering returning to his original White House position next year - an arrangement that has not been precedent in decades since Congress tried to separate the executive branch from the Fed. Milan said at a Senate confirmation hearing on Thursday that lawyers suggested that he could take unpaid leave from the current position of the White House Economic Advisory Committee chairperson so that he could return to office without a new round of Senate confirmation next year. Milan was nominated to replace Kugler's term of office that was left by accident last month, which will last until January 31, 2026. Democratic lawmakers questioned that such arrangements could affect their ability to perform their promised independent judgment. South Dakota Republican Senator Mike Longz then expressed surprise to reporters about the proposal, but no Republican lawmakers said they would object to Milan's nomination confirmation as a result. (Jin Shi)