Senate Committee Advances Fed Nominee Stephen Miran
(MENAFN) The US Senate Banking Committee on Wednesday endorsed President Donald Trump's choice of White House economic adviser Stephen Miran for a seat on the Federal Reserve Board, following a vote split strictly along party lines.
The committee approved Miran’s candidacy with a 13-11 tally, as Republicans supported and Democrats opposed the move.
The nomination will now proceed to the full Senate, where approval is anticipated.
Miran, an economist educated at Harvard, leads the White House Council of Economic Advisers and previously worked at the Treasury Department during Trump’s initial term.
He has been an outspoken advocate of the administration’s trade and tax initiatives.
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