WASHINGTON (AP) — After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal .

Federal Reserve Chair Jerome Powell is expected to hold a news conference on Wednesday, Sept. 17. Watch live in our video player above.

Stephen Miran , a top White House economist who was confirmed by the Senate with unusual speed late Monday, was sworn in Tuesday as a member of the Fed’s board of governors. He will vote on the Fed’s interest rate decision on Wednesday, when the central bank is expected to reduce its key rate by a quarter-point. Miran may dissent in favor of a larger cut.

READ MORE: Fed faces economic uncertainty and political

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