Just 48 hours ahead of big rate call, Senate approves Trump economic adviser to serve on Federal Reserve board

  • Posted on September 16, 2025
  • By Business News Today
  • 10 Views
Just 48 hours ahead of big rate call, Senate approves Trump economic adviser to serve on Federal Reserve board

The Senate confirmed Stephen Miran, a top Trump economic advisor, to the Federal Reserve board, raising concerns about the Fed's independence. The vote was largely along party lines, with Democrats expressing fears of political influence. Miran's appointment comes as the Fed is expected to reduce interest rates amidst economic uncertainty, with inflation above target and unemployment slightly elevated.
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