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US Senate Poised to Advance Trump Aide's Appointment at Fed

Stephen Miran's confirmation by a narrow Senate vote increases White House influence over the Federal Reserve amid ongoing legal disputes over Lisa Cook's removal.

  • Stephen Miran, President Trump's economic adviser, was approved by the Senate to join the Federal Reserve board in a closely divided 48-47 vote along party lines.
  • Miran's confirmation followed Governor Adriana Kugler's August resignation and Trump's failed attempt to fire Governor Lisa Cook, who won a court challenge to remain.
  • Miran holds a Harvard PhD, served as a senior Treasury advisor during Trump's first term, and pledged at his September 4 hearing to act independently based on economic data.
  • The Federal Reserve is anticipated to reduce its key interest rate by a quarter of a percentage point to a target range of 4.0% to 4.25% following its two-day policy meeting beginning Tuesday.
  • Miran’s appointment and Trump’s pressure to cut rates raise concerns from Democrats and critics about threats to the Fed’s traditional independence.
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Lean Right

The U.S. Senate approved the appointment on the board of the Federal Reserve of Stephen Miran, one of the main economic advisors of President Donald Trump. The appointment...

·Milan, Italy
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Lean Left

In the future, an almost unknown economist will influence global monetary policy in Trump's sense. Who is the man who has now been elected as the new Fed Governor?

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Semafor broke the news in New York, United States on Monday, September 15, 2025.
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