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Investing.com -- Stephen Miran, President Donald Trump’s nominee for a short-term position on the Federal Reserve Board, stated Thursday he has not discussed a potential longer-term Fed nomination with White House officials.
This clarification comes after Miran previously told Senators that he would only resign from his current role as White House economic advisor if offered a longer-term Fed position. For the short-term opening, Miran plans to take a leave of absence from his position at the Council of Economic Advisors rather than resign completely.
When initially questioned by a Reuters reporter about discussions regarding a longer-term nomination, Miran reportedly raised his eyebrows without responding verbally. When pressed further with "You’ve not?" he simply answered "No."
During his nomination hearing, Democratic senators expressed concerns that maintaining ties to his White House role could make Miran susceptible to pressure from President Trump regarding interest rate decisions. Miran assured the senators that he would not allow such influence to affect his voting at the Fed.
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