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[U.S. Treasury Secretary Defends Milan's Temporary Departure from White House to Serve as Federal Reserve Governor, Citing Compliance and Intent to Return] U.S. Treasury Secretary Besent provided clarification regarding the special arrangement for Milan's temporary departure from his White House role while serving as a Federal Reserve Governor, stating that the move complies with regulations and conveys a clear intent to return. Besent explained that if Milan were to resign directly from his White House position, the role would remain vacant for an extended period, and any future return would require Senate confirmation. She emphasized that this arrangement signals a plan for Milan to return to the White House Council of Economic Advisers in the future and assume the role of Chair. During his Senate nomination hearing, Milan stated that he would take an unpaid leave of absence from the White House to join the Federal Reserve but did not specify the duration of his tenure at the Federal Reserve.

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