Senate approves top Trump adviser for Federal Reserve Board
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. Alaska Senator Lisa Murkowski was the only Republican to vote against Miran in the final Senate vote.
The Trump administration has embarked upon an unprecedented bid to reshape the Fed's seven-member governing board, which was designed to be independent of politics, as it presses the Fed to lower interest rates.
https://www.msn.com/en-us/money/markets/senate-approves-top-trump-adviser-for-federal-reserve-board/ar-AA1MCi6e