The Senate confirms Stephen Miran to Fed board 48-47 days before expected rate cut.
The U.S. Senate has confirmed Stephen Miran, one of President Donald Trump’s top economic advisers, to serve on the Federal Reserve’s governing board in a largely partisan 48-47 vote.
The confirmation came just two days before the Fed is expected to vote on reducing its key interest rate.
Miran was approved by the Senate Banking Committee last week with all Republicans voting in favor and all Democrats opposed.
