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Posted on Sep 16, 2025 / USA

The U.S. Senate narrowly confirmed Stephen Miran to the Federal Reserve Board of Governors by a party-line 48-47 vote, adding him ahead of the Fed’s key policy meeting. Despite President Trump’s efforts to remove Governor Lisa Cook, a federal appeals court decision allows her to stay on the Board. Miran, who currently heads the White House Council of Economic Advisers, has sparked concerns over potential conflicts by planning to retain certain White House ties. His confirmation arrives just as the Fed is widely expected to cut interest rates, under pressure from softening labor market reports and inflation that remains above target. Observers say the move could shift both perception and dynamics inside the Fed, particularly around questions of its political independence. Markets are watching closely for signals about the pace of future rate cuts.

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