Senate confirms Trump chooses on board the Fed before the key interest rate vote

The US Senate cleared the election of President Donald Trump Stephen Mira to join the Council of Federal Reserve Governors – part of a group responsible for determining the country’s interest rates.

Miran, who is chairman of the Council of Economic Advisers, will be First Sitting officer of the White House to join the Board of Fed Since its creation in its present form in the 30s.

He was closely confirmed on Monday with a vote of 48-47.

Economist’s entry provoked concerns about the central bank’s long -standing independence and Trump’s proposal to Reducing Federal ReserveS

Mira is expected to participate in a key meeting of Fed’s policy this week as one of the 12 members of the voting, playing a central role in Trump’s offer for a great reduction in interest rates.

The Fed is expected to approve the speed of the points by a quarter percent to support the weakening labor market.

Mira is a supporter of Trump’s global tariffsArguing that the import duty will not nourish inflation and that policies such as tighter immigration will reduce the demand for housing and lower prices.

The rapidly traced vote on the White House confirmation of the White House continued for only a few weeks, when it usually takes months to confirm a Fed Governor candidate.

Senator Elizabeth Warren, Democrat, expressed fears that Mira would be regarded as a “puppet”, which would not be believed as an independent voice on the Fed’s board.

Trump puts pressure on the Fed for months, requiring a reduction in interest rates to give impetus to the US economy and to make it more cheap for the government to borrow.

The president strives for Fed President Jerome Powell, calling him “Numbskull” and “Too Late.”

Voting in Mira also comes as Trump also tries to fire Fed Governor Lisa Cook from the central bank, citing allegations of mortgage fraud and constitutional powers to eliminate it.

Cook, the first black woman to serve as a Fed manager, denied the allegations and brought a case to block her removalS

She has voted in recent months to maintain interest rates this year.

On Monday, the US Court of Appeal rejected the Ministry of Justice’s request to annul the Trump temporary blocking decision from the removal of Cook.

The Trump administration is also pursuing investigations into mortgage fraud against Senator Adam Schiff and New York General James James James, both President’s political antagonists.