The Senate confirmed Stephen Miran to be a Federal Reserve governor on Monday, securing the post for a Trump loyalist just hours before the Fed meets to debate cutting interest rates.

Why it matters: President Trump has demanded lower interest rates from the Fed, and Miran is likely to make that case immediately.

Driving the news: The Senate voted 48-47 mostly along party lines to confirm Miran, with Sen. Lisa Murkowski (R-Alaska) joining Democrats in voting against the confirmation. • It was a lightning-fast confirmation process, aimed at installing Miran before the much-scrutinized policy meeting that starts Tuesday morning and concludes Wednesday. • It has been just over five weeks since Trump nominated Miran to the Fed board, after Biden appointee Adriana Kugler unexpectedly resi

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