Reported about 5 hours ago
The Senate has confirmed Stephen Miran, a key economic adviser to President Trump, to the Federal Reserve's governing board in a party-line vote of 48-47. This appointment raises concerns about the Fed's independence, as Miran, who will keep his role on the White House's Council of Economic Advisers, is seen by Senate Democrats as potentially acting as a mouthpiece for Trump. The decision comes as the Fed prepares to vote on interest rate reductions while facing pressures from economic challenges, including persistent inflation.
Source: YAHOO