US EditionTrump 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.
109 Articles
109 Articles
Senate confirms Stephen Miran to Fed Board. Who is he and why's he so controversial?
The Senate voted Monday to confirm Stephen Miran to the Federal Reserve Board. Miran, who has served in both Trump administrations, has said he will not resign from the White House but take a leave of absence, further stoking concerns about its independence.
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."
At the head of the Council of Economic Advisers (CEA) of the White House, Stephen Miran is one of the architects and advocates of the economic policy of the Republican President.
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.
The U.S. Senate approved on Monday the appointment by President Donald Trump of one of its economic advisers to the Federal Reserve (Fed), a few hours from a key meeting of the U.S. Central Bank.
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