Reported about 3 hours ago
The Senate is set to confirm Stephen Miran, President Trump's nominee for the Federal Reserve Board, just in time for a significant policy meeting where a rate cut is anticipated. Miran's appointment follows the departure of former governor Adriana Kugler and aims to align the Fed's decisions with Trump's preference for lower rates. His confirmation raises concerns about the Fed's independence, exacerbated by ongoing disputes related to another governor, Lisa Cook, whom Trump attempted to fire. Miran has indicated he would remain independent but will not resign from his White House role immediately.
Source: YAHOO