Federal Reserve Board nominee Milan passes Senate committee test as scheduled
2025-09-10 14:24:30
On September 10th, the US Senate Banking Committee voted along party lines on Wednesday to support the nomination of Trump's adviser Stephen Milan to serve as a short-term governor of the Federal Reserve. Republicans are rapidly pushing for his nomination to take him into office before next week's interest rate-setting meeting. According to people familiar with the matter, the committee approved the nomination by a vote of 13 to 11, < b > which puts Milan on track to be confirmed by a full Senate vote on Monday. The Federal Reserve will meet later next week, and the market is widely expected to cut interest rates for the first time since December due to slowing job growth.
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