Federal Reserve Governor Miran Resigns White House Post Amid Questions on Dual Roles
Stephen Miran’s resignation from the White House Council of Economic Advisers exposes the problematic overlap of political influence in supposedly independent Federal Reserve decisions.
The recent resignation of Federal Reserve Governor Stephen Miran from his position as chair of the White House Council of Economic Advisers shines a spotlight on a troubling conflict that has long plagued the independence of America’s monetary policy institutions. Miran, appointed by former President Trump to the Fed’s Board last fall, held onto a dual role—unprecedented in decades—that blurred the lines between partisan politics and economic policymaking.Why Should Americans Care About a Fed Governor Holding Two Powerful Posts?For decades, the Federal Reserve has been recognized as an institution that must operate above partisan fray to ensure stable economic governance....
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