Stephen Miran, head of the White House Council of Economic Advisers, inched one step closer to joining the Federal Reserve Board of Governors on Sept. 10.
Members of the Senate Banking Committee voted 13–11 to advance Miran’s nomination to a full Senate vote. All Republicans supported him, while all Democrats opposed the nomination.
With a 53–47 Republican majority in the Senate, his path to becoming a Fed governor is more certain.
Last month, President Donald Trump nominated Miran to temporarily replace Fed Governor Adriana Kugler, who abruptly resigned and returned to teaching. If confirmed, Miran will hold the position until the end of January, meaning the president will either renominate him for a full 14-year term or select somebody else….