The Senate Banking Committee is set to vote Wednesday on Stephen Miran’s nomination to the Federal Reserve Board of Governors.

If he clears the panel, the full Senate would consider the nomination to the panel that helps chart the nation's economic path. To block him, at least four Republican senators would need to break ranks.

Miran, the chair of the Council of Economic Advisers (CEA) and a veteran of both Trump administrations, was nominated on Aug. 7 and testified before the Senate Banking Committee on Thursday.

At the hearing, he said he would remain CEA chair and would take unpaid leave rather than resign from the post.

Miran's swift confirmation means he will be in place before the Federal Reserve’s key mid-September meeting.

That session, led by the Federal Open Market Comm

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