Business

The economy

Trump's White House

Opinion

Stephen Bartholomeusz Senior business columnist September 15, 2025 — 11.57am

Donald Trump’s attempt to stack the board of the US Federal Reserve is climaxing, just ahead of a Fed meeting at which the US central bank is expected to cut its policy rate for the first time this year.

Senate Republicans were scrambling last week to confirm the appointment of Trump’s key economic adviser, Stephen Miran, to fill a vacancy on the board.

They hope to complete the process by Monday evening (US time), before the Federal Open Market Committee (FOMC), which decides US monetary policy, starts its two-day meeting on Tuesday.

On Thursday last week, the Trump administration asked a US appeals court to overturn a lower court decision and allow T

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