(MENAFN) On Monday, the US Senate approved Stephen Miran to join the Federal Reserve’s Board of Governors, marking a key addition to the central bank’s leadership. The confirmation came after a closely contested vote, with senators narrowly approving Miran by a margin of 48 to 47.

Miran, widely recognized as one of President Donald Trump’s foremost economic advisers, brings a strong background in economic policy to the Fed. He holds a degree from Harvard and currently leads the White House Council of Economic Advisers. His career also includes a significant role at the Treasury Department during President Trump’s initial term in office.

Known for his outspoken support of the administration’s agenda, Miran has been a staunch advocate for the trade and tax reforms implemented under Trump’s leadership. His confirmation is expected to influence the Federal Reserve’s approach to economic policy amid ongoing debates over monetary strategy.

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