This does not seem to be proper! The Federal Reserve is supposed to be independent from the federal government!
"Senate Democrats are introducing a bill that would bar Fed officials from simultaneously holding a separate presidentially appointed office.
The move comes hours after Trump economic adviser Stephen Miran was sworn in on the central bank’s board. Miran’s decision not to resign from the White House is a first in the modern Fed’s roughly 90-year history. The dual role raises concerns about the central bank’s independence as Trump pushes for interest-rate cuts. The bill is unlikely to become law because it would need to pass a GOP-controlled Congress and win Trump’s signature. ..."
"Stephen Miran was formerly a senior fellow at the Manhattan Institute and a senior strategist at Hudson Bay Capital, the global investment firm." (Source)
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