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4w ago

Senate Sets Up Floor Vote After Panel Advances Trump Fed Pick Stephen Miran

Republicans are expediting the pick to try to add a vote before next week’s Fed rate meeting.

FILE - Stephen Miran, chairman of the Council of Economic Advisors, walks at the White House, June 17, 2025, in Washington. (AP Photo/Alex Brandon, File)
Stephen Miran testifies during a Senate Banking Committee hearing on his nomination to be a member of the Board of Governors of the Federal Reserve System, on Capitol Hill Thursday, Sept. 4, 2025, in Washington. (AP Photo/Mariam Zuhaib)
Stephen Miran, U.S. President Donald Trump's nominee to be chairman of the Council of Economic Advisers, sits on the day he testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025. REUTERS/Annabelle Gordon/File Photo
Stephen Miran, chairman of the Council of Economic Advisors and President Donald Trump's pick to serve on the Federal Reserve, speaks during a television interview at the White House, Tuesday, Aug. 12, 2025, in Washington. (AP Photo/Alex Brandon)

Overview

  • The Senate Banking Committee advanced Stephen Miran’s nomination in a 13–11 party-line vote, sending it to the full Senate.
  • Majority Leader John Thune initiated floor action that could allow confirmation as soon as Monday, the day before the Sept. 16–17 FOMC meeting.
  • It remains uncertain whether Miran could be sworn in in time to participate in that meeting, according to Senate guidance reported in the coverage.
  • Miran, the White House Council of Economic Advisers chair, says he will take unpaid leave rather than resign if confirmed to serve out Adriana Kugler’s term through Jan. 31.
  • A federal judge in Washington temporarily blocked President Trump’s attempt to remove Fed Governor Lisa Cook, keeping her on the board while her lawsuit proceeds.