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Senate Confirms Stephen Miran to Federal Reserve Board Amid Political Tensions
World NewsFederal ReserveUpdated a day ago

Senate Confirms Stephen Miran to Federal Reserve Board Amid Political Tensions

The US Senate has confirmed Stephen Miran to the Federal Reserve board, while a court ruling allows Lisa Cook to remain in her position despite President Trump's attempts to remove her. These developments come ahead of a crucial Fed meeting, raising concerns about political influence on monetary policy and potential interest rate changes.

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Trump's pressure campaign weighs on US Federal Reserve September meeting
France 24a day ago
Trump's pressure campaign weighs on US Federal Reserve September meeting
NeutralWorld Affairs
A US court has ruled that Federal Reserve board governor Lisa Cook can remain in her position despite President Trump's attempts to remove her. This allows her to participate in the upcoming September meeting. Additionally, Stephen Miran has been confirmed by the Senate to join the board. Investors anticipate a potential interest rate cut of 0.25 basis points.
Editor’s Note: This ruling is significant as it ensures continuity in the Federal Reserve's leadership amid political pressures. With interest rates potentially changing, it could impact the economy and financial markets. The confirmation of Miran also adds to the board's dynamics, which is crucial for monetary policy decisions.
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US Senate approves Trump's pick for Federal Reserve board as politics weigh on rate meeting
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US Senate approves Trump's pick for Federal Reserve board as politics weigh on rate meeting
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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.
Editor’s Note: This matters because the Federal Reserve plays a crucial role in the economy, and political pressures can affect its decisions on interest rates. With Trump advocating for rate cuts, the Senate's actions could impact economic stability.
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via France 24
Senate confirms Stephen Miran for seat on Federal Reserve board as Trump’s bid to oust Lisa Cook foiled by court - follow live
The Guardiana day ago
Senate confirms Stephen Miran for seat on Federal Reserve board as Trump’s bid to oust Lisa Cook foiled by court - follow live
PositiveWorld Affairs
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.
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via The Guardian
Trump official confirmed to Fed board but court rejects Lisa Cook removal bid
The Guardiana day ago
Trump official confirmed to Fed board but court rejects Lisa Cook removal bid
PositiveWorld Affairs
The Senate confirmed Stephen Miran to the Federal Reserve board, strengthening Trump's influence over the central bank. Meanwhile, a court ruled that Lisa Cook can remain in her position.
Editor’s Note: This confirmation is significant as it reflects the administration's efforts to shape monetary policy ahead of crucial interest rate decisions. The ruling on Lisa Cook also ensures continuity in the Fed's leadership.
Read full article
via The Guardian

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