Senate confirms Trump Fed pick Stephen Miran as appeals court blocks effort to oust embattled banker Lisa Cook

President Trump’s nominee to join the Federal Reserve’s Board of Governors, Stephen Miran, was confirmed by the full Senate on Monday — while an appeals court denied the commander in chief’s effort to remove embattled central banker Lisa Cook ahead of a key meeting on interest rates.

The Senate voted 48-47 to confirm Miran’s nomination — with Sen. Lisa Murkowski (R-Alaska) joining all Democrats in voting against Trump’s pick for the central bank.

Stephen Miran, chairman of the Council of Economic Advisors, walks at the White House, Tuesday, June 17, 2025, in Washington. AP

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

Miran will serve out the rest of Kugler’s term on the board, which ends on Jan. 31, 2026.

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