Trump official confirmed to Fed board but court rejects Lisa Cook removal bid
by Callum Jones in New York from on (#702BQ)
Senate votes 48-47 to confirm Stephen Miran as Fed governor but court rules Cook may remain in place
Senate Republicans voted on Monday to confirm a senior Trump official to the Federal Reserve's board of governors as the White House raced to strengthen the US president's control over the central bank ahead of its latest meeting.
Hours before Fed policymakers convene for their September decision on interest rates, the Senate voted 48 to 47 to confirm Stephen Miran - already chair of Donald Trump's council of economic advisers - as a governor.
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