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The Guardian - US
The Guardian - US
Business
Callum Jones in New York

Trump official confirmed to Fed board but court rejects Lisa Cook removal bid

Lisa Cook Donald Trump Stephen Miran Jerome Powell US Federal Reserve United States the White House
a man in suit looks out from behind a microphone while seated at a table
Stephen Miran, left, testifies during his Senate confirmation hearing to be a governor of the Federal Reserve board in Washington. Photograph: Alex Wroblewski/AFP/Getty Images

Senate Republicans voted on Monday to confirm a senior Trump official to the Federal Reserve’s board of governors as the White House raced to strengthen the US president’s control over the central bank ahead of its latest meeting.

Hours before Fed policymakers convene for their September decision on interest rates, the Senate voted 48 to 47 to confirm Stephen Miran – already chair of Donald Trump’s council of economic advisers – as a governor.

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