Senate Democrats Demand Resignation from White House Economic Advisor

According to BlockBeats, Democratic members of the U.S. Senate Banking Committee have urged that before further steps are taken to advance Milan's nomination, he must resign from his position as White House Chief Economic Advisor by September 8. During last week's nomination confirmation hearing, Milan stated that he only needs to take unpaid leave from the White House Council of Economic Advisers, as his Federal Reserve position is set to last until the end of January next year. Democratic senators highlighted that Milan's term could extend further, depending on the time required to confirm his successor. They expressed concerns over the potential conflict arising from Milan's dual role as a Federal Reserve governor and advisor to U.S. President Donald Trump. In a letter to Milan, the Democratic lawmakers stated, "The notion that you can independently judge monetary policy and financial regulation is absurd. Without such a commitment, we believe the committee should not advance your nomination."