Stephen Miran, President Donald Trump‘s pick for Federal Reserve governor, is likely to pass the Senate Banking Committee on Wednesday. This brings him closer to joining the central bank, even though there are worries about the Fed’s independence. The committee has 13 Republicans and 11 Democrats, and the Republicans are expected to approve the nomination despite all Democrats opposing it.
Miran, currently chair of Trump’s Council of Economic Advisors, would fill the seat vacated by Governor and serve through Jan. 31, Reuters reported.
