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Fed Governor Mielan Says He Would Leave Economic Advisory Council if Trump Requests Stay

Federal Reserve Governor Mielan reveals he would step down from the Economic Advisory Council if former President Trump requests him to stay at the Fed.

Summary

On September 19, Federal Reserve Governor Mielan stated that if former President Donald Trump requested him to remain at the Federal Reserve, he would resign from his position on the Economic Advisory Council. Mielan emphasized that Trump has not given him any specific tasks.

Terms & Concepts
  • Federal Reserve: The central banking system of the United States, responsible for monetary policy, financial stability, and regulating financial institutions.
  • Economic Advisory Council: A group that provides economic policy advice to governmental or institutional leaders.