The Federal Reserve Board of Governors nominee Milan: I haven't discussed any long-term positions with the White House.

Golden Finance reported that Stephen Milan, the Federal Reserve Board of Governors candidate nominated by Trump, stated during a press conference on Thursday that he has not discussed the possibility of receiving a long-term nomination with anyone in the White House. This response caught my attention because Milan had previously told senators that he would only resign from his current position as a White House economic advisor if he received a long-term nomination; otherwise, he would only take a leave of absence.

When the reporter first asked a question, Milan merely raised an eyebrow and remained silent, appearing unwilling to elaborate. When pressed with "Is there really nothing?" he finally responded succinctly: "No."

To be honest, Milan's attitude confuses me. During his nomination hearing, Democratic senators expressed concerns: if he does not resign from the Economic Advisory Council, he is likely to succumb to Trump's pressure in interest rate votes. Although Milan denies this, his pattern of behavior is indeed questionable.

Recently, the market has been highly volatile, with Bitcoin plunging nearly 10% at one point, and US tech stocks dropping over 4%. Against this backdrop, the independence of the Fed's personnel appointments becomes particularly important. If central bank decisions are influenced by politics, it could further exacerbate market uncertainty.

Could Milan's ambiguous attitude be a strategy intentionally arranged by the Trump administration? After all, holding a position in the White House while also serving on The Federal Reserve Board of Governors does indeed benefit the president in exerting more direct influence on monetary policy.

This event again highlights the importance of central bank independence and the subtle relationship between politics and finance.