Reported about 5 hours ago
Stephen Miran, nominated by former President Donald Trump, has been confirmed by the Senate as a member of the Federal Reserve Board of Governors. The Senate voted 48-47 in favor of his nomination. Miran's confirmation comes at a critical time for the Fed, which is facing pressures from the Trump administration amidst challenges in the labor market and ongoing tariff impacts. Despite concerns from Democrats regarding his independence from Trump, Miran asserted his commitment to uphold the Fed's traditions of independence while serving in this new role.
Source: YAHOO