【“Federal Reserve Mouthpiece”: Milan Criticized the 'Revolving Door' Phenomenon Between the Federal Reserve and the Executive Branch Last Year】Golden Finance reports that Nick Timiraos, the 'Federal Reserve Mouthpiece,' stated that Stephen Milan, the Federal Reserve Board nominee by Trump, has been a staunch supporter of the former's economic agenda, and he strongly criticized the Federal Reserve's decision to cut interest rates last year. Milan criticized the 'revolving door' mechanism between the Federal Reserve and the executive branch last year (frequent exchanges of positions between government officials, regulatory agency members, and the private sector). 'Cutting off the revolving door between the Federal Reserve and the executive branch is crucial to reducing the motivation of officials to act for the short-term political interests of the president.' He proposed in his paper that comprehensive legislative reform of the Federal Reserve governance system is needed, arguing that the existing system fails to ensure its political neutrality. Specific proposals include: allowing the president to replace Federal Reserve governors for any reason and imposing a ban on Federal Reserve officials from holding positions in the executive branch for four years.