SaralnamaThe US Senate confirmed Stephen Miran to the Federal Reserve's board of governors. Miran, chair of the Council of Economic Advisers, is the first White House official to join the Fed board since the 1930s. He was approved with a 48-47 vote. Miran will be one of 12 voting members at a key Fed policy meeting this week. He supports Trump's global tariffs and stricter immigration policies. The Fed is expected to cut interest rates by 0.25%. Trump has pressured the Fed for months to lower rates. He is also trying to remove Fed Governor Lisa Cook, citing mortgage fraud allegations. Cook denies these claims and has sued to block her removal. To learn more about the Federal Reserve's role, visit the official Fed website. (Updated 16 Sep 2025, 07:44 IST; source: link)
Key Points
- The US Senate confirmed Stephen Miran to the Federal Reserve's board of governors
- Miran, chair of the Council of Economic Advisers, is the first White House official to join the Fed board since the 1930s
- He was approved with a 48-47 vote