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Miran joins Fed as bank prepares to cut rates
President Trump’s top White House economist officially joined the Federal Reserve board of governors Tuesday as the central bank kicked off a critical meeting on interest rates. Stephen Miran was sworn in as a member of the Fed board, the central bank announced Tuesday, barely 12 hours after the Senate voted to approve his nomination along party lines. Miran will take an unpaid leave of absence from the White House, where he serves as chairman of the Council of Economic Advisers (CEA), while he serves out the remaining four months of the Fed board term he took up Tuesday. The Fed board includes seven members, or ... (full story)
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