Breaking: Xenia schools launch investigation into teacher staff over Charlie Kirk social media posts

Senate approves White House economist to serve on Fed board

The Senate has approved one of President Donald Trump’s top economic advisers for a seat on the Federal Reserve’s governing board, giving the White House greater influence over the central bank just two days before it is expected to vote in favor of reducing its key interest rate
Stephen Miran testifies during a Senate Banking Committee hearing on his nomination to be a member of the Board of Governors of the Federal Reserve System, on Capitol Hill Thursday, Sept. 4, 2025, in Washington. (AP Photo/Mariam Zuhaib)

Credit: AP

Credit: AP

Stephen Miran testifies during a Senate Banking Committee hearing on his nomination to be a member of the Board of Governors of the Federal Reserve System, on Capitol Hill Thursday, Sept. 4, 2025, in Washington. (AP Photo/Mariam Zuhaib)
Business
By CHRISTOPHER RUGABER – AP Economics Writer
17 hours ago
X

WASHINGTON (AP) — The Senate has approved one of President Donald Trump’s top economic advisers for a seat on the Federal Reserve’s governing board, giving the White House greater influence over the central bank just two days before it is expected to vote in favor of reducing its key interest rate.

The vote to confirm Stephen Miran was largely along party lines, 48-47. He was approved by the Senate Banking Committee last week with all Republicans voting in favor and all Democrats opposed.

Miran’s nomination has sparked concerns about the Fed’s longtime independence from day-to-day politics after he said during a committee hearing earlier this month that he would keep his job as chair of the White House’s Council of Economic Advisers, though would take unpaid leave. Senate Democrats have said such an approach is incompatible with an independent Fed.

In Other News
1
Multiple ramp closures expected for U.S-35 this week as part of an...
2
Portion of U.S. 40 closed for culvert repair in Preble County
3
Hope Walk at Wittenberg University will off offer help and ‘hug...
4
Courtrooms to close for two days as renovated courthouse in downtown...
5
Hamilton seeks nearly $3M for infrastructure improvements