US Senate confirms Milan as Fed director at 48:47

Odaily Planet Daily News The U.S. Senate confirmed Milan as the Federal Reserve's chairman by 48 votes in favor and 47 votes on Monday, with a term of office until January 31, 2026, to succeed Adriana Kugler, who resigned in August. He served as a senior strategist at Hudson Bay, participated in FTX bankruptcy debt transactions and advocated simplified crypto regulation. Several media said the appointment was accelerated to ensure it could take its seat before the FOMC interest rate meeting next Tuesday.