Senate Confirms Trump’s Fed Pick Stephen Miran Ahead of Key Rate Meeting

The Senate narrowly confirmed Stephen Miran, a WHITE House economic advisor, to the Federal Reserve's board of governors in a 48-47 party-line vote. Miran's appointment allows him to participate in this week's critical Federal Open Market Committee meeting on interest rate policy.

Controversy surrounds Miran's dual role, as he maintains his position on Trump's Council of Economic Advisors while serving at the central bank. This marks the first time since the 1930s Fed reforms that an active administration official will hold a leadership position at the Federal Reserve.

Critics argue the appointment threatens the Fed's traditional independence from political influence, particularly as President TRUMP continues public pressure for aggressive rate cuts. The move comes amid ongoing tensions between the White House and central bank over monetary policy responses to trade war inflation risks.