TRUE or FALSE: Stephen Miran is the first White House official to simultaneously serve on the Federal Reserve board in 90 years.

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The last time this happened was 1935, when Treasury Secretary Henry Morgenthau served on the Fed board during FDR's first term. Congress specifically ended that practice because it destroyed Fed credibility. Now we're back to 1935 - except worse. At least Morgenthau didn't pretend to be "independent." Miran takes an oath to make decisions "without regard to political considerations" while technically employed by the President. It's like appointing a defense contractor to review Pentagon budgets while they're still on the company payroll.

TRUE or FALSE: Stephen Miran is the first White House official to simultaneously serve on the Federal Reserve board in 90 years.

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