President Trump’s nominee to join the Federal Reserve’s Board of Governors, Stephen Miran, was confirmed by the full Senate on Monday — while an appeals court denied the commander in chief’s effort to remove embattled central banker Lisa Cook ahead of a key meeting on interest rates.
The Senate voted 48-47 to confirm Miran’s nomination — with Sen. Lisa Murkowski (R-Alaska) joining all Democrats in voting against Trump’s pick for the central bank.
The president tapped Miran, head of the Council of Economic Advisers (CEA), to replace Adriana Kugler, a Biden appointee who abruptly stepped down last month.
Miran will serve out the rest of Kugler’s term on the board, which ends on Jan. 31, 2026.
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