There is still one day for the rate cut meeting, but why did Stephen Milan join the Fed?

Stephen Miran was sworn in as a Fed director the day before the Sept. 17 Federal Open Market Committee (FOMC) meeting. The market expects that the possibility of a rate cut to 4.25%-4.50% in this meeting is as high as 96%. Milan, appointed by President Trump and confirmed by the Senate, has raised questions about the possible political impact of the Fed's independence. With market expectations rising, his first vote could have a significant impact on monetary policy.