## Miran’s Balancing Act: White House Advisor and Fed Governor?
Here’s a quick rundown of the situation surrounding Stephen Miran’s potential dual role:
- **Unpaid Leave:** Stephen Miran, nominated by President Trump for a vacant Federal Reserve Governor seat, plans to take an unpaid leave of absence from his current role as chair of the Council of Economic Advisors at the White House.
- **Dual Role Concerns:** This arrangement has raised eyebrows, as it could potentially blur the lines of the Fed’s independence, especially given Trump’s past criticisms of the Fed and his desire for lower interest rates.
- **Short-Term Commitment:** Miran’s initial term, if confirmed, would be relatively short (until January 31, 2026). He stated he would resign from the White House role if appointed for a longer term.
- **Independence Pledge:** Miran has repeatedly assured the Senate Banking Committee that he would uphold the Fed’s independence and that he has not been pressured by the administration regarding monetary policy.
- **Upcoming Meeting:** The Fed’s next policy meeting is scheduled for September 16-17.
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