Reported about 17 hours ago
The US Senate Banking Committee has voted to confirm Stephen Miran, nominated by President Trump for the Federal Reserve Board, despite opposition from all Democratic members. Miran's confirmation sets up a likely vote in the full Senate next week, ahead of a crucial FOMC meeting where the Fed is expected to cut interest rates. Concerns persist about the independence of the Federal Reserve, particularly regarding Miran's dual role as chair of the White House Council of Economic Advisers.
Source: YAHOO