Stephen Miran confirmed as Fed governor ahead of FOMC meeting
The Trump administration successfully placed an aide on the Fed board while pressuring other members to resign.
Part of a bigger event
Senate confirms Miran as Fed governor right before policy meeting, even as he keeps job as White House adviser3 articles·3 sources·Avg cred 77/100
Bad Look
tl;dr
The U.S. Senate confirmed Stephen Miran to the Federal Reserve Board of Governors in a narrow 48-47 vote. Miran, a current White House official, faces scrutiny over his independence as the Trump administration pressures the Fed to lower interest rates.
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