Newly confirmed Federal Reserve Governor Stephen Miran dissented from the central bank's decision.

Miran said he will take a leave of absence from his job as White House economics adviser while serving on the Fed, an arrangement criticized by Democrats.

His entry has raised concerns over the Fed's independence, following Trump's bid to reshape the central bank.

The Federal Reserve lowered rates by a quarter point, but Stephen Miran, a Trump appointee who joined the board this week, voted for a bigger cut. Balancing persistent inflation…

Newly confirmed Federal Reserve Governor Stephen Miran dissented from the central bank's decision.

Federal Reserve Governor Stephen Miran spoke to CNBC on Friday.