Fed nominee Milan is expected to receive a Senate vote on Monday
Source: PANews
Time: 2025-09-10 22:26:47
PANews September 10th news, according to King Thousand, the U.S. Senate Banking Committee voted on Wednesday on a partisan line to support the nomination of Trump's adviser Stephen Milan as a Fed director for the short term. The Republican Party is pushing his nomination quickly to get him in office ahead of next week's interest rate decision meeting. The committee passed the nomination by 13 to 11, which puts Milan on Monday at a Senate vote of confirmation, according to people familiar with the matter. The Fed will meet later next week, and the market generally expects the Fed to cut interest rates for the first time since December due to slowing employment growth.