"Federal Reserve Mouthpiece": It is a rare arrangement for Federal Reserve Board nominee Milan to consider retaining a White House position during his term.

Jinse Finance reported that "Federal Reserve mouthpiece" Nick Timiraos wrote that Milan, the Federal Reserve Board nominee appointed by U.S. President Trump, stated that after completing his short-term tenure at the Federal Reserve, he is considering returning to his original position at the White House next year—an arrangement that has been unprecedented for decades since Congress sought to separate the executive branch from the Federal Reserve. At the Senate confirmation hearing on Thursday, Milan said that his lawyers advised him that he could take an unpaid leave of absence from his current position as Chairman of the White House Council of Economic Advisers, so that he could return to his post next year without going through another round of Senate confirmation. Milan has been nominated to fill the term left vacant by Kugler's unexpected resignation last month, which will last until January 31, 2026. Democratic lawmakers questioned whether such an arrangement might affect his ability to exercise the independent judgment he promised. Mike Rounds, a Republican senator from South Dakota, later told reporters that he was surprised by the proposal, but no Republican lawmakers indicated that they would oppose Milan's confirmation because of it.