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Posted on Sep 15, 2025 / USA

Stephen Miran, currently Chair of the White House Council of Economic Advisers, has been nominated to serve on the Federal Reserve Board of Governors—raising eyebrows because he intends to maintain his White House role. This dual appointment deviates from precedent and has prompted warnings from economists, lawmakers, and financial analysts about conflicts of interest and erosion of separation between policy advice and monetary policy. With Miran’s confirmation vote fast-tracked by the Senate, timing is critical: if swearing in occurs before the Fed’s policy meeting, his presence could sway decisions. Meanwhile, Governor Lisa Cook’s status remains uncertain after a judge blocked her removal while legal challenges continue. The unfolding situation highlights tensions between executive influence and central bank norms.

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