Six consecutive vetoes, this guy is really stubborn.

ME News message: On May 15 (UTC+8), Federal Reserve Board Governor Stephen Milar officially submitted his resignation on Thursday. He said he will vacate his seat on the Federal Reserve Board of Governors when the new Chair, Kevin Warsh, takes office or before then. Since Adriana Kugler’s sudden resignation in August 2025, Milar has taken over her board position. Milar has consistently played a dissenting role in the Federal Open Market Committee (FOMC), which is responsible for setting interest rates. In the six FOMC meetings he attended, he voted “against” each time. He said he believes personal consumption expenditures (PCE) inflation—especially housing inflation—will gradually return to normal levels. He also reiterated that, given the lag in monetary policy, he believes it is necessary to cut interest rates. Milar has been