Stephen Miran is Trump's pick to step onto the Federal Reserve Board to replace the recently resigned Kugler. Miran's appointment would be only through to January.
The US Senate banking committee voted 13-11 to send Miran’s name to the floor for a full vote.
Politico reports that vote is likely to be voted on Monday, September 15. Miran is expected to be approved by the full Senate vote along party lines. Politico cite two unnamed sources.
The Federal Reserve's interest rate setting Federal Open Market Committee (FOMC) meet in September 16 - 17. A 25bp rate cut is widely expected, whether Miran takes his seat on FOMC by then or not.
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