AssetID: 55096034
Headline: UNCAPTIONED: Senate Confirms Trump Ally to Federal Reserve Board Amid Independence Concerns
Caption: Senate Confirms Trump Ally to Federal Reserve Board Amid Independence Concerns. The U.S. Senate has narrowly confirmed Stephen Miran, President Donald Trump's choice for the Federal Reserve's board of governors. The 48–47 vote makes Miran, currently chair of the White House Council of Economic Advisers, the first sitting administration official to join the Fed board since the 1930s. His fast-tracked confirmation has sparked concerns over the central bank's independence, with Democrats warning he could act as a political proxy. Miran is set to participate in a key Fed meeting this week, where policymakers are expected to approve a quarter-point interest rate cut. A supporter of Trump's tariffs and stricter immigration policies, Miran argues they help restrain inflation. Meanwhile, Trump has continued attacking Fed Chair Jerome Powell and is also moving to oust Governor Lisa Cook, who has denied allegations of mortgage fraud and is fighting her removal in court. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current affairs & Politics,Stephen Miran,Federal Reserve Board,Donald Trump,Senate confirmation,Central bank independence,Interest rate cut,Tariffs,Immigration policy,Jerome Powell,Lisa Cook
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