Miran said he wouldn't fully resign his position at the White House while serving out the Fed Governor's term, which expires Jan. 31, 2026.

"Independence of monetary policy is a critical element for its success," Miran said in a prepared statement to the Senate Banking Committee.

Stephen Miran, President Donald Trump's nominee for the open Fed governor post vacated by Adriana Kugler, will come under scrutiny from lawmakers.

Miran said he wouldn't fully resign his position at the White House while serving out the Fed Governor's term, which expires Jan. 31, 2026.

Stephen Miran, chairman of the White House Council of Economic Advisers, said he wouldn't immediately resign from the Trump administration.

Democrats say the arrangement indicates Stephen Miran would be Trump's "puppet" at the central bank.