Stephen Miran, President Trump’s nominee to a short-term seat on the Board of Governors of the Federal Reserve, won the approval of the Senate Banking Committee Thursday.
The committee voted 13-11 along party lines to advance Miran’s nomination to the full Senate, where it is expected to come up for a vote on Monday.
That would put Miran in place to vote at the Federal Open Market Committee meeting on September 16 and 17. The FOMC is widely expected to announce an interest rate cut at the conclusion of that meeting.
Miran would fill the seat left open when Andrea Kugler unexpectedly announced she would resign prior to the end of her term in…
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