Senate Poised to Confirm Trump's Economic Advisor to Federal Reserve
The U.S. Senate moved closer to confirming Stephen Miran, President Trump's economic advisor, as a member of the Federal Reserve's policy-setting committee. A procedural vote is set for Monday, with final confirmation anticipated before the Fed's interest rate vote on Wednesday.
The U.S. Senate on Thursday advanced the confirmation process for President Donald Trump's economic advisor, Stephen Miran, to join the Federal Reserve's policy-setting committee. The move ensures that Miran might participate in the upcoming interest rate deliberations.
As per the Senate schedule laid out by Republican leaders, the full Senate will conduct a vote on Monday evening to confirm Miran's appointment. Lawmakers will initially hold a procedural vote which, once approved, will pave the way for Miran's official confirmation.
The Federal Reserve is set to commence its significant two-day meeting on Tuesday, with policy discussions culminating in a vote on Wednesday to decide the future course of interest rates.
(With inputs from agencies.)
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