Trump Appoints Advisor for Fed Role Ahead of Rate Meeting

The US Senate Banking Committee voted 13-11 today, marking a significant step in Donald Trump’s effort to influence the Federal Reserve before next week’s interest rate decision. Stephen Milan, an advisor close to Trump, was approved for a short-term seat on the Fed Board, with Republicans aiming for swift passage before the meeting. Milan’s nomination will be put to a vote in the Senate’s plenary session on Monday, and is widely expected to succeed.