The timing of departure is delicate; did Wash remove dissenters before taking office?

Federal Reserve Board governor Stephen Milun has submitted his resignation and will step down before new Chair Kevin Walsh takes office; he has long held dissenting views on the FOMC, calling for rate cuts and emphasizing the lag effect of monetary policy. He opposes three 25 basis-point rate cuts in 2025, favors larger rate cuts and a more forward-looking monetary policy, and believes that non-monetary factors and the impact of slowing population growth and reduced immigration on employment and deflation should be taken into account.