In a narrow 48-47 vote, the U.S. Senate confirmed economist Stephen Miran to the Federal Reserve Board of Governors on Monday evening ahead of a highly anticipated FOMC meeting.

Miran, chairman of the White House Council of Economic Advisers, was approved by the Senate Banking Committee last week with all Republicans voting in favor and all Democrats opposed. Sen. Lisa Murkowski of Alaska was the only Republican to vote against Miran’s confirmation on Monday.

Miran, who is stepping in to complete Adriana Kugler’s term through January 2026 after she resigned from the board on Aug. 1, joins the Fed’s details ⇒

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