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Trump-nominated Fed board member Milan may miss next week's Fed meeting
Summary: According to sources, Trump's nomination of Milan as a Fed board member is expected to clear a key hurdle in the Senate on Wednesday, but lawmakers say Milan may still not make it in time for next week's Fed meeting. Senate Finance Committee Republican Senator Lummis said it would be very challenging to confirm Milan's ...
According to sources, Trump's nomination of Milan as a Fed board member is expected to clear a key hurdle in the Senate on Wednesday, but lawmakers say Milan may still not make it in time for next week's Fed meeting. Senate Finance Committee Republican Senator Lummis said it would be very challenging to confirm Milan's appointment before the September Fed meeting, even with new procedures. The committee is expected to vote on Wednesday on whether to advance Milan's appointment to the full Senate for consideration, with Democrats expected to unanimously oppose, but Republicans likely to push it through with a 13-11 majority. The timing of the full Senate vote is currently unclear, with a Senate Republican aide suggesting Milan's confirmation could come as early as next Monday.
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Link: Trump-nominated Fed board member Milan may miss next week's Fed meeting [Copy]
