Senate Banking to vote on Miran Fed nomination Wednesday

Steven T. Dennis, Bloomberg News on Sep 8, 2025

By clicking submit, I authorize Arcamax and its affiliates to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Privacy Policy , (2) add to information that I provide with other information like interests inferred from web page views, or data lawfully obtained from data brokers, such as past purchase or location data, or publicly available data, (3) contact me or enable others to contact me by email or other means with offers for different types of goods and services, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here

WASHINGTON — White House economic adviser Stephen Miran’s nomination as a Federal Reserve governor has been scheduled for a Senate committee vote Wednesday, a move that will likely allow him to be confirmed by the full Senate before a pivotal vote on cutting interest rates next week.

The Federal Open Market Committee meets on Sept. 16 and 17 and is already expected to cut interest rates for the first time since December on weakening job growth. The Senate is likely to vote on confirming Miran on Sept. 15, just a day before the meeting, per a person familiar with the plans.

The Senate Banking Committee announced the timing of its vote on Miran’s nomination on its website.

Miran won over Republicans last week with a series of private and public assurances that he would support the independence of the central bank on monetary policy, rather than carry out the bidding of his current and potentially future boss, President Donald Trump.

Trump’s move to fire Fed Governor Lisa Cook and his broader drive to sway the Fed has generated concern about the central bank’s continued independence. Cook has challenged her removal from the board in the courts.

Miran raised the hackles of Democrats when he told the committee he planned to take a temporary leave of absence from his current Trump administration role as chair of the White House Council of Economic Advisers, pending a decision by Trump on whether to nominate him to a long-term position at the central bank.

Miran has been nominated for a vacant seat on the Fed with a term that ends early next year.

Democrats called the arrangement ridiculous. They said it lacked credibility that he would be independent from Trump, given the president would control whether he remained on the Fed board or stayed on the White House payroll.

Assuming no hiccups, the committee would send Miran to the floor. After that it would take a few days for Senate Republican leaders to force the votes needed to clear procedural hurdles and confirm him.

On the floor, four Republican defectors would be needed to sink his nomination. Every Republican senator voted to confirm Miran for his current post six months ago.

_____