Sept. 15 (UPI) -- Senate Republicans on Monday confirmed White House economic adviser Stephen Miran to join the Federal Reserve Board despite staunch Democratic concerns about his independence.
The Senate voted 48-47 mostly along party lines to narrowly approve Miran's nomination to serve as governor on the Federal Reserve Board, an independent nonpartisan agency that has been targeted by the Trump administration as it seeks to consolidate federal government power.
He will fill the remainder of Adriana Kugler's 14-year term, which is set to expire in January.
As one of seven Fed governors, Miran will be a key economic policymaker, voting on the country's monetary policy, including U.S. interest rates, which President Donald Trump has been calling to be lowered for much of his second term.
Related
