The Senate confirmed Stephen Miran, currently serving as the Federal Reserve Governor, for a term extending beyond his regular ten-year term. Miran announced his intention to take a leave of absence, outlining a potential short-term assignment at the Federal Reserve before returning to the White House. This decision follows a lengthy period of consideration and review of his responsibilities. The Senate confirmed the request, recognizing Miran’s significant contributions to monetary policy and economic stability within the Federal Reserve. The length of the leave is subject to final approval by the Federal Reserve Board.
Credits: NYT > Top Stories