The full Senate voted 48-47 on Monday evening to approve Miran’s nomination to the Fed board. Sen. Lisa Murkowski (R-AK) joined Democrats in voting against him. Miran, 42, will succeed Fed governor Adriana Kugler, who unexpectedly stepped aside last month.
Miran, who is chairman of the White House Council of Economic Advisers, would serve the remainder of Kugler’s term, which ends early next year.
The confirmation comes just hours before the Federal Open Market Committee votes on what to do with interest rates. They FOMC has held rates steady all of 2025, although now appears poised to cut after it meets on Tuesday and Wednesday.
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Miran’s confirmation will deliver Trump one more seat on the Fed board echoing his call for lower interest rates. Trump has been
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