September 4, 2025
Fed nominee refuses to quit White House job in ethics violation
Trump Fed nominee keeps White House job despite ethics rules
🏛️Government🤖AI Governance💰Economy
Stephen Miran testified Sep. 4, 2025, he will take unpaid leave from White House Council of Economic Advisers chair rather than resign if confirmed to Fed board
Senate Banking Committee confirmation hearing reveals Miran plans maintaining White House employment while serving Federal Reserve board of governors
Trump nominated Miran to fill remainder of 
Adriana Kugler term ending Jan. 2026, creating short-term appointment with unprecedented conflicts
Kugler resigned Aug. 2025 to return Georgetown University faculty, providing Trump immediate Fed appointment opportunity
Miran acknowledged receiving White House counsel advice that unpaid leave satisfies legal requirements despite obvious conflict of interest
Sen. Jack Reed called arrangement ridiculous as Miran would remain technically employee of president while serving independent Fed board
Elizabeth Warren warned Miran appears as Trump puppet who will do or say whatever Donald Trump wants rather than independent voice
Fed governors traditionally resign all outside positions to avoid conflicts affecting monetary policy independence and market credibility
🏛️Government🤖AI Governance💰Economy
Test Your Knowledge
10
Q1
How can citizens challenge this breach of Fed independence?
Q2
TRUE or FALSE: Miran was sworn in just hours before the Fed's September 2025 interest rate decision, giving him immediate voting power.
Q3
TRUE or FALSE: Stephen Miran is the first White House official to simultaneously serve on the Federal Reserve board in 90 years.
Q4
TRUE or FALSE: Only one Republican senator voted against Miran's confirmation.
Q5
Miran gets immediate voting power on interest rates. What happens to the economy if Trump leans on him to cut rates before an election?
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Stephen Miran
Trump Fed Board Nominee and White House Council of Economic Advisers Chair
Elizabeth Warren
Senate Banking Committee Ranking Democrat
Jack Reed
U.S. Senator (D-RI)
Jerome Powell
Federal Reserve Chair
Adriana Kugler
Former Fed Governor