Democrats on the U.S. Senate’s Banking Committee are calling on President Donald Trump’s top economic adviser to resign his White House post if he wins a spot on the Federal Reserve’s Board of Governors.
Right now, Dr. Stephen Miran, the chair of the Council of Economic Advisers, says he’ll only take a leave of absence if he wins a spot at the nation’s central bank, but won’t give up his post.
Miran’s admission came under questioning from U.S. Sen. Jack Reed, D-R.I., during a confirmation hearing last week. Miran told lawmakers he’d only spend four months in the job, making an unpaid leave the appropriation option.
Late last week, Democrats on the Banking Committee, including U.S. Sen. Elizabeth Warren, D-Mass., sent Miran a letter , arguing it wouldn’t be “in the best interest of t