The Senate confirmed senior economists of the Federal Reserve of the Federal Reserve
On Monday, the Senate voted to confirm the best economists in the Board of Governors at home Trump in the Federal Reserve Council.
Senate members voted along the party’s lines, 48-47, to agree to the nomination of Stephen Miran, Speaker of the Economic Advisors at the White House, to the remaining four months in the Federal Reserve.
As a member of the Seven Federal Reserve Board of Directors, Miran will get a vote on all interest rate decisions in the Federal Reserve, as well as banking regulations and their main enforcement procedures. He promised to take an unpaid leave from the White House until the end of his term in January.
Trump and other senior Republicans have made a priority to fill a vacant place in the Federal Reserve before the Federal Open Committee meeting in the Federalism between September 16 to 17 (FOMC), the Central Bank officials committee responsible for setting interest rates.
Miran is expected to take the right -wing Miran as the Federal Reserve Governor with enough time to vote on Wednesday about whether the Federal Reserve should reduce prices.
While Trump was keen to assure Miran on the Federal Reserve as soon as possible, the new addition was unlikely to have an immediate impact at his first meeting in FOMC. It is almost certain that the Federal Reserve reduces interest rates, although with a much smaller margin than Trump’s demand, several months after the weak employment data.
Miran, a coach economist at Harvard University, sought to provide the analytical issue of Trump’s main changes in trade, taxes and spending. He served in the Treasury during the first Trump administration, and wrote many influential papers during the Trump’s second campaign that transformed the economic thinking of the current administration.
