President Trump’s nominee to join the Federal Reserve’s Board of Governors, Stephen Miran , was approved by the Senate Banking Committee on Wednesday, moving him closer to confirmation ahead of next week’s central bank meeting.

The panel voted 13-11 along party lines to advance Miran’s nomination to the full Senate.

Trump tapped Miran, head of the Council of Economic Advisers (CEA), to replace Adriana Kugler, a Biden appointee who abruptly stepped down last month. 3

Should Miran be confirmed by the full Senate, Miran will serve until the scheduled end of Kugler’s term Jan. 31.

Miran intends to take an unpaid leave of absence from the CEA while serving on the Fed, drawing the ire of Democrats who want him to resign the former post.

Critics charge the appointment of Miran is cou

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