Stephen Miran, chair of the White House Council of Economic Advisers, will join the Federal Reserve Board of Governors.
Senators voted 48—47 on September 15 to confirm Miran’s nomination.
The vote could give Miran an immediate say in Fed policy decision-making when the central bank meets this week.
Democratic lawmakers argue that Miran will serve as President Donald Trump’s proxy, blurring the line between the executive branch and Fed independence.
Following the resignation of Fed Governor Adriana Kugler in August, Trump quickly nominated Miran to replace her temporarily until January 2026.
Once his four-month term expires, the president will either renominate Miran or find a substitute….