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Stephen Miran, chairman of the White House Council of Economic Advisers, has been confirmed for a seat on the Federal Reserve Board.
The vote was 48-47.
The Senate on Monday confirmed Stephen Miran, chairman of the White House Council of Economic Advisers, to a seat on the Federal Reserve Board, giving President Donald Trump an influential voice inside the central bank at a critical moment for monetary policy.
The 48–47 vote fell largely along party lines, with Sen. Lisa Murkowski (R., Alaska) joining Democrats in opposition. Republicans had recently streamlined Senate procedures to speed consideration of Trump’s nominees, allowing Miran to take his seat in time for the Fed’s two-day meeting that begins Tuesday.
Democrats opposed Miran in lock-step, appearing to cast their votes less as an evaluation of his record than as a rebuke of the president who nominated him. Their objections often dwelled on his White House ties, even as Miran emphasized his commitment to the Fed’s statutory mandates. The opposition underscored how confirmation fights have increasingly become partisan showdowns, with qualifications taking a back seat to political signaling.
He will be able to vote right away as soon as he is sworn in.
He will be serving out the rest of the Fed Governor Adriana Kugler’s term, which ends in January 2026.
Once sworn in as a Fed governor, Miran will immediately be one of 12 officials voting on interest rate decisions. Miran was nominated to fill the remaining time in former Fed Governor Adriana Kugler’s term, which was set to expire in January 2026. Miran has said he will not resign from his influential post at the White House while he serves on the Fed’s board, instead taking unpaid leave.
The Fed, by law and tradition, has remained independent and nonpartisan. Now for the first time in its 111-year history, a member of the Fed’s Board of Governors is also technically an employee of the president. During his Senate confirmation hearing, Miran said he was advised by an attorney that doing so is legal and that he plans to carry out his duties as a Fed governor independently.
Miran’s confirmation comes at a pivotal moment for the Fed.
Win for the Trump administration.