Miran sworn in, attending FOMC meeting along with Cook — for now

Stephen Miran and Lisa Cook are both present for the Fed’s two-day monetary policy meeting

Miran sworn in, attending FOMC meeting along with Cook — for now

Stephen Miran and Lisa Cook are both present for the Fed’s two-day monetary policy meeting

Questions that had been looming over who will be able to cast votes at the Federal Open Market Committee meeting seem to have been answered.

Stephen Miran was sworn in Tuesday as the Federal Reserve’s newest board member, filling a term that expires Jan. 31, 2026. He was confirmed by the Senate in a 48-47 vote Monday evening.

The only question was whether or not there would be time for him to complete his paperwork and take the oath before the meeting. The central bank released a statement Tuesday stating his swearing-in had been completed, administered by Judge Elizabeth L. Branch of the United States Court of Appeals for the Eleventh Circuit.

This, along with completion of logistical steps, allowed Miran to make it in time for the meeting that started just a short time after his swearing-in.

About the same time Miran’s rushed confirmation hearings were concluding on Monday, a federal appeals court ruled for Federal Reserve Governor Lisa Cook, allowing her to continue to serve in her position.

The White House said Tuesday it will continue its efforts to have Cook removed from the board, and will appeal Monday’s 2-1 ruling, which upheld an earlier temporary restraining order allowing her to stay on the board. Bloomberg reported Tuesday that a White House official had said it would take the fight to the U.S. Supreme Court, but details on timing for the next phase weren’t immediately provided.

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