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FortuneSep 29, 2025National News

Senate confirms Miran as Fed governor right before policy meeting, even as he keeps job as White House adviser

Senator Schumer led the opposition to Miran's confirmation, arguing the nominee would serve as a mouthpiece for the White House.

Senate confirms Miran as Fed governor right before policy meeting, even as he keeps job as White House adviser
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tl;dr

The Senate confirmed Stephen Miran, a top economic adviser to President Trump, to the Federal Reserve's governing board, largely along party lines. This move raises concerns about the Fed's independence, as Miran intends to retain his White House role, albeit on unpaid leave.

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Chuck SchumerD-New York
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