Trump Reserve Candidate may be confirmed in time to join the main price vote

Stephen Miran, President Donald Trump A candidate for the Federal Reserve Council can be confirmed in a timely manner to participate in a meeting of interest rates in mid -September.

Federal reserve monitors are widely expecting that the central bank will reduce prices in September yet Federal Reserve The Chairman of the Board of Directors, Jerome Powell, referred to a softer position on politics during his title in Jackson Hall.

The Open Federal Market Committee (FOMC), which will meet on September 16, is the committee that places us MonetaryIncluding decisions on interest rates.

FOMC includes 12 voting members: the seven rulers of the Federal Reserve, Chairman of the Federal Reserve in New York, and four presidents of the regional federal reserves who revolve annually. Other regional presidents join discussions, but they do not vote.

Trump is the benefit of the candidate. Independence undertakes, unpaid leave from the White House if the Senate assures him

The Federal Reserve members are nominated by the President and confirmed by the Senate.

Miran, Chairman of the Economic Advisers and Veterames were nominated in the Trump administrations, on August 7 and witnessed before the Senate Banking Committee on Thursday.

Trump calls Miran as an alternative to the Federal Reserve seat

While no date for the final vote has been set, Republican lawmakers indicated that they intend to move quickly so that he can sit in time for the September meeting.

Miran’s nomination came in the wake of the resignation of the Federal Reserve Governor Adriana Kogler in August. Trump described her early exit as a “pleasant surprise”, noting that she gave him the opportunity to appoint a more compatible candidate with his economic agenda.

These developments come amid a growing confrontation between Trump and Powell because of the central bank’s hesitation in low interest rates.

Trump, which was called Powell as the head of nutrition In 2017, his campaign has risen to pressure in recent weeks, and urged the central bank to reduce interest rates to 1 % to stimulate economic growth.

The Economic Policy to wait and see Powell has kept the main borrowing rate of the central bank in the range of 4.25 % to 4.5 %. Powell said he also stopped cutting rates, partly, to evaluate Economic impact One of Trump’s ongoing commercial deals.

Meanwhile, if Trump succeeds in removing the ruler of the Federal Reserve, Lisa Cook, he will secure the majority of appointments in the Federal Reserve, which enhances its effect on the body that directs American monetary policy.

Cook potential outputs Trump controls the Federal Reserve to form a monetary policy for us

On Thursday, the Ministry of Justice confirmed to Fox News that it had launched a criminal investigation into Cook due to allegations of fraud in the mortgage request. Cook also filed a lawsuit at the Federal Court against Trump and the Federal Reserve for shooting.

The former president Joe Biden Philip Jefferson, Michael Bar Wokek was appointed to the Federal Reserve in 2022. Trump Michel Bowman’s choices include in 2018, Christopher Waller in 2020 and Stephen Miran in 2025.

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Former President Barack Obama nominated Powell in the Federal Reserve in 2012, Trump Powell nominated his current role as head of the Federal Reserve in 2017, and Biden appointed him in 2022.