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The Senate voted 48-47 on Monday night to confirm Stephen Miran, chair of the White House’s Council of Economic Advisers, to serve as a Federal Reserve governor in a term that ends in January.
Miran was sworn in Tuesday and is attending a meeting of the Federal Open Market Committee to determine interest rates, according to a Fed spokesperson.
Also attending is Lisa Cook, the Fed governor whom President Donald Trump tried to dismiss but whose position was upheld Monday by an appeals court.
Several Democratic senators, during and after a nomination hearing this month, raised concerns that Miran said he would not resign from his White House post – opting instead for unpaid leave – during his Fed stint.
