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Trump pick Stephen Miran confirmed to Federal Reserve Board; will also keep White House job
- On September 15, the Senate approved Stephen Miran, an economic adviser to President Trump, to serve on the Federal Reserve's governing board, filling the vacancy left by Adriana Kugler's resignation in August.
- Miran's confirmation follows concerns about preserving the Fed's independence amid his plan to keep his White House economic adviser role on unpaid leave.
- Miran pledged during his September confirmation hearing to act independently based on personal economic analysis despite criticism claiming he would be Trump's mouthpiece.
- The Senate voted narrowly 48-47 largely along party lines, with supporters praising Miran's leadership and critics warning of political influence over the Fed.
- Miran's appointment gives Trump a majority on the seven-member Fed board as officials prepare to meet September 16 and are widely expected to cut interest rates.
93 Articles
93 Articles
Trump is putting pressure on the central bank to lower the key interest rate. Now, the US Senate has confirmed the US President's wish for the Fed's Board of Governors – just a few hours before the start of an important meeting on the key interest rate. Critics call the personality contemptuously "Trump's puppet."
Senate confirms Trump Fed pick Stephen Miran as appeals court blocks effort to oust embattled banker Lisa Cook
The Senate voted 48-47 to confirm Miran’s nomination — with Sen. Lisa Murkowski (R-Alaska) joining all Democrats in voting against Trump’s pick for the central bank.
Senate Confirms Trump Pick Stephen Miran to Join Federal Reserve
Stephen Miran, chair of the White House Council of Economic Advisers, will join the Federal Reserve Board of Governors. Senators voted 48—47 on Sept. 15 to confirm Miran’s nomination. The vote could give Miran an immediate say in Fed policy decision-making when the central bank meets this week. Democratic lawmakers argue that Miran will serve as President Donald Trump’s proxy, blurring the line between the executive branch and Fed independence. …
Senate confirms Trump adviser Stephen Miran to Fed board ahead of key interest rate vote this week
The Senate confirmed Trump economic adviser Stephen Miran to the Federal Reserve to finish Adriana Kugler's term. Miran plans to return to his White House job afterward.
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