Trump’s Fed nominee says he’d take an ‘unpaid leave of absence’ from his White House job if confirmed

WASHINGTON (

Miran, who was nominated to fill a term set to expire in January, made the disclosure at his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee.

He said he would instead take an “unpaid leave of absence” as chairman of the White House Council of Economic Advisers on the advice of his lawyers and would only resign from the administration if he were nominated for a longer term at the Fed.