Senate Republicans have confirmed one of President Trump’s top economic advisers, Stephen Miran, to the Federal Reserve Board. In an unusual arrangement, Miran will only take a leave of absence from his role as chair of the Council of Economic Advisers, instead of resigning from his post. Miran says he intends to return to the White House after his term ends. The move allows Miran to attend the Fed’s two-day meeting to set interest rates, which starts today.
Meanwhile, a U.S. appeals court blocked Trump’s attempt to fire Federal Reserve

Governor Lisa Cook before today’s interest rate meeting. In an opinion, Appellate Judge Bradley Garcia wrote, “Before this court, the government does not dispute that it provided Cook no meaningful notice or opportunity to respond to the allegations against her.” President Trump has repeatedly demanded that the Federal Reserve cut interest rates fast, and has threatened to fire Federal Reserve Chair Jerome Powell.