SENATE DRAMA 51-45 Vote Gives President Donald Trump One of Biggest Wins of His Presidency

The confirmation comes as the Fed has held interest rates steady in recent meetings. Miran, who dissented on several rate decisions, had pushed for larger cuts.

The Senate still needs to vote separately to confirm Warsh as chair of the Board of Governors. That vote is expected later this week.

The development underscores the priority the Trump administration places on aligning the Federal Reserve more closely with its economic priorities while maintaining the institution’s formal independence. Analysts expect Warsh’s leadership, if confirmed as chair, to focus on balancing inflation control with economic growth.