“The Senate on Monday confirmed White House economic adviser Stephen Miran to a key role at the Federal Reserve, allowing him to join the independent central bank while remaining in the Trump administration,” the Washington Post reports.

“The Senate narrowly voted 48-to-47 to confirm Miran, placing a sitting administration official inside an institution designed to operate independently from the White House. The move gives President Donald Trump a loyalist on the seven-member Fed board as he moves to reshape the central bank. It’s the first time in 90 years that a sitting White House official will have a role in setting monetary policy.”

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