The US Senate confirmed Stephen Miran to the Federal Reserve board, while a court ruled that Lisa Cook can stay in her position. These events occur just before an important Fed meeting, raising concerns about political influence on monetary policy.

The Senate has confirmed Stephen Miran for a seat on the Federal Reserve board with a narrow 48-47 vote. This comes as former President Trump's attempt to remove Lisa Cook was blocked by a court ruling, which he plans to appeal.

Editor’s Note: This confirmation is significant as it shapes the Federal Reserve's direction and monetary policy. Additionally, the court's decision to uphold Cook's position highlights ongoing political tensions and the influence of judicial rulings on government appointments.

In a closely contested vote, the Senate confirmed Stephen Miran as a governor of the Federal Reserve, which is significant as it reflects the Trump administration's ongoing influence over the central bank. This confirmation comes just before a crucial meeting where interest rates will be discussed, highlighting the administration's efforts to shape economic policy. Meanwhile, a court ruling has allowed Lisa Cook to remain in her position, ensuring a diverse perspective on the board. This development is important as it may impact future monetary policy decisions.