Wells Fargo: Milan's entry into the Federal Reserve may have limited impact on the dollar

Aroop Chatterjee, a strategist at Wells Fargo, said Mr. Milan, chairperson of Mr. Trump's Council of Economic Advisers, was unlikely to start attending FOMC meetings until December, potentially limiting his impact on the dollar by the end of his term. "With the Senate adjourned until September, it is not clear when he will be able to join the Fed," Mr. Chatterjee said. "Even if the Senate moves faster, it looks more realistic to attend the December FOMC meeting than September or October. That means Mr. Milan will essentially be able to attend only two meetings until the end of his term."