The U.S. Senate voted on Milan's Fed nomination on Monday night, and it is still uncertain whether it can participate in this week's FOMC meeting

According to BlockBeats, on September 15, the U.S. Senate will vote on the nomination of Federal Reserve Board of Directors in Milan on Monday night local time. According to the Senate schedule, Senate members will conduct procedural votes at 05:30 pm local time (05:30 AM Beijing time on the 16th) and will start the final confirmation of the vote at around 8 pm (08:00 PM Beijing time on the 16th). If all formal procedures are completed smoothly (confirmation of nominations, documentation and sworn in), Milan will likely attend the Fed's interest rate meeting that will begin this Tuesday. However, it is still uncertain whether he can complete his oath in and participate in the meeting in a short enough time; it usually takes several days from Senate approval to inauguration, but there is also a precedent that some directors attended the FOMC interest meeting just one day after they were confirmed. (Jin Shi)