"Fed megaphone": Nominee Milan, under consideration for a position at the Fed, is a rare arrangement to retain his White House position during his term.

"Federal Reserve Whisperer" Nick Timiraos reports that Stephen Moore, a nominee for the Federal Reserve Board chosen by President Trump, has indicated that after completing a short stint at the Federal Reserve, he is considering returning to his previous position at the White House next year a move without precedent since Congress attempted to separate the executive branch and the Federal Reserve decades ago. Moore stated during Thursday's Senate confirmation hearing that his lawyers have advised him to take unpaid leave from his current position as chairman of the White House Council of Economic Advisers in order to return next year without needing a new round of Senate confirmation. Moore has been nominated to fill the term left by Kevin Warsh, who unexpectedly resigned last month, which will last until January 31, 2026. Democratic lawmakers have raised concerns that this arrangement may affect his ability to make independent judgments as promised. Republican Senator Mike Rounds from South Dakota expressed surprise at the proposal, but no Republicans have indicated they will oppose Moore's confirmation because of it.