The Senate confirms that Trump selects Fed Council before voting at key interest rates

US Senate released President Donald Trump’s choice Stephen Mirana to join the Council of the Federal Reserve Heads – Part of the Board, which is responsible for setting the country’s interest rates.

Miran who is the chairman of the Economic Advisor Council will be The first seat of the White House official to join the Fed Council Since its creation in the modern form in the 1930s.

On Monday, it was narrowly confirmed by the vote 48-47.

An economist’s recording has caused concern about the long -standing independence of the Central Bank and stems from Trump’s application Establish a federal reserve system.

It is expected that Miran will participate in a key Fed policy session this week as one of the 12 members of the voting, playing the central role in Trump’s application at a high interest rate decrease.

The Fed is expected to approve a quarter -percentage decrease in a quarter percentage to support the weakened job market.

Miran is a fan Global Trump tariffsBy arguing for import duties, it does not fueled inflation, and that politicians such as tougher immigration will reduce housing demand and price reduction.

The voting for confirmation of the White House of the economist continued in just a few weeks, when the months usually requires the Fed Governor’s candidate to be confirmed by the Senate.

Democrat, Senator Elizabeth Warren, caused concern that Miran would be considered a “puppet”, which is not trusted as an independent voice in the Fed Council.

Trump has been pressuring the Fed for several months, requiring a decrease in interest rate to stimulate the economy in the US and make it cheaper for the government.

The president aimed at the chairman of the Fed Jerome Powell, calling him “numbul” and “too late”.

Miran’s vote also comes when Trump also tries to dismiss Fed Lisa Governor from Central Bank, citing allegations of mortgage fraud and constitutional powers.

Cook, the first black woman who performed the Fed Governor’s duties, denied allegations and sued to block her removal.

In recent months, she has voted in favor of maintaining interest rates this year.

On Monday, the US Appeals refused to hug the previous Trump’s temporary lock from the Removal of Cook.

The Trump administration also conducts an investigation into mortgage fraud against Senator Adam Shiff and the Prosecutor General of the New York Leticia James, both political antagonists of the president.