Reported about 19 hours ago
Stephen Miran, nominated as the new governor of the Federal Reserve, is facing challenges in securing confirmation in time for the Fed's upcoming interest rate-setting meeting on September 16-17. Although Republicans are moving quickly to advance his nomination, logistical issues and Senate complexities could delay his confirmation. With President Trump advocating for rate cuts, Miran's timely installation would mark a significant step towards aligning the Fed's monetary policy with the administration's views, but it remains unclear whether he will be sworn in before the meeting.
Source: YAHOO