Trump's Federal Reserve board nominee is approved by Senate committee

A Senate committee on Wednesday approved the nomination of White House economic adviser Stephen Miran to the Fed's board of governors, setting up a likely approval by the full Senate, which would make Miran the third Trump appointee to the seven-member board. The White House has pushed for an expedited Senate approval of Miran, who was nominated by President Donald Trump to replace former Fed governor Adriana Kugler, who stepped down Aug. 1.