The Senate on Monday confirmed economist and Trump adviser Stephen Miran to the Federal Reserve's Board of Governors, giving President Trump more influence over the Fed just one day before central bank officials will meet to decide whether to cut interest rates.

Miran was confirmed 48-47 for a term that runs until January, filling a vacancy created last month when Biden appointee Adriana Kugler stepped down before the end of her term. Miran currently chairs the White House's Council of Economic Advisers. In an unusual move, he's said he will take an unpaid leave of absence from that job while serving on the Fed board instead of resigning altogether, citing "the short duration of the appointment."

Miran is arriving at the central bank in time for a crucial Federal Open Market Commit

See Full Page