Stephen Miran, President Donald Trump ‘s nominee to be the next governor at the Federal Reserve , has been advanced out of committee and will now head toward a full Senate vote.

The Senate Banking Committee voted 13-11 on Wednesday to approve Miran’s nomination to the Fed board. If approved, Miran, 42, will succeed Fed governor Adriana Kugler, who unexpectedly stepped aside last month.

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The vote was along party lines, with no Democrats voting to send him to the central bank.

Miran, who is chairman of the White House Council of Economic Advisers

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