President Trump's top White House economist is on track to join the Federal Reserve Board in time to join a key meeting on interest rates next week.
Senate Majority Leader John Thune (R-S.D.) teed up Thursday a vote to advance the nomination of Stephen Miran, chair of the White House Council of Economic Advisers (CEA), to a spot on the Fed board.
After senators vote, as expected, to end debate on Miran's nomination, the full chamber could move to confirm him to the Fed as soon as Monday — the day before the Fed's next monetary policy meeting.
Trump and other top Republicans have made it a priority to fill a vacant spot on the Fed board ahead of the Sept. 16-17 meeting of the Federal Open Market Committee (FOMC), the panel of central bank officials in charge of setting interest rates.
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