The Senate confirms the choice of Trump to the Federal Reserve before the main interest rate vote

The US Senate has developed the choice of President Donald Trump Stephen Miran to join the Federal Reserve Council – part of a committee responsible for setting interest rates in the country.

Miran, Chairman of the Economic Advisers, will be The first White House official to sit to join the Federal Reserve Since its inception in its current form in the thirties of the twentieth century.

It was confirmed frankly on Monday with a vote 48-47.

Economy entry raised concerns about the independence of the central bank for a long time and follows Trump’s attempt Federal Reserve Reserve.

Miran is expected to participate in the main FBI policy meeting this week as one of 12 members of the vote, plays a major role in Trump’s offer to reduce the large interest rate.

The Federal Reserve is expected to agree to reduce the rate of quarterly points to support the weak labor market.

Miran is supportive of Trump’s global tariffOn the pretext that import duties will not support inflation and that policies such as the most stringent migration will reduce the demand for housing and reduce prices.

The rapid confirmation of the White House continued in only a few weeks, when it usually takes months until the Federal Reserve Governor’s candidate is confirmed by the Senate.

Senator Elizabeth Warren, a democratic, raised fears that Miran would be seen as a “doll” that will not be trusted as an independent voice in the Federal Reserve.

Trump pressed the Federal Reserve for several months, demanding discounts in interest rates to give the American economy a boost and make it cheaper for the government to borrow.

The President reached the President of the Federal Reserve, Jerome Powell, describing him as “Numbskull” and “very late”.

Miran’s vote also comes as Trump is also trying to shoot the governor Lisa Cook from the central bank, citing fraud allegations of real estate mortgage and constitutional authorities to remove them.

Cook, the first black woman as the Federal Reserve Governor, denied these allegations and Prosecute to prevent it from removing it.

I have voted in recent months to maintain interest rates this year.

On Monday, the US Court of Appeal rejected the request of the Ministry of Justice to file a previous ruling to temporarily prevent Trump from removing Cook.

The Trump administration is also following up fraud in the mortgage against Senator Adam Chef and the New York Public Prosecutor, Leitia James, both of whom are the political opponents of the president.