Stephen Miran, who has served in both Trump administrations, said he will not resign from the White House if confirmed to the Federal Reserve Board, further stoking concerns about its independence.
The Senate voted 48-47 to confirm Miran’s nomination — with Sen. Lisa Murkowski (R-Alaska) joining all Democrats in voting against Trump’s pick for the central bank.
Miran currently serves as the chairman of the Council of Economic Advisers. He will fill the remainder of a former governor's term, which is set to end in January.
Stephen Miran’s nomination sparked concerns about the Fed’s independence from day-to-day politics after he said during a committee hearing earlier this month that he would keep his job in the Trump administration.
The Senate voted Monday to confirm Stephen Miran to the Federal Reserve Board. Miran, who has served in both Trump administrations, has said he will not resign from the White House but take a leave of absence, further stoking concerns about its independence.
The Senate confirmed Trump economic adviser Stephen Miran to the Federal Reserve to finish Adriana Kugler's term. Miran plans to return to his White House job afterward.
The Senate on Monday confirmed Stephen Miran, chairman of the White House Council of Economic Advisers, to a seat on the Federal Reserve Board, giving President Donald Trump an influential voice inside the central bank at a critical moment for monetary policy. | Economy
Stephen Miran, one of President Donald Trump’s top economic advisers, on Monday was confirmed by the Senate to serve on the Federal Reserve’s powerful Board of Governors, hours before the Fed’s two day monetary policy meeting begins.
Miran was confirmed 48-47 for a term that runs until January, filling a vacancy created last month when Biden appointee Adriana Kugler stepped down before the end of her term.
Donald Trump’s economic adviser Stephen Miran is on his way to joining the Federal Reserve board after the Senate confirmed him to the post in a vote Monday evening.
