Trump Fed nominee Stephen Miran faces Senate Banking Committee vote after Cook injunction

Core Viewpoint - The Senate Banking Committee is preparing to vote on the nomination of Stephen Miran as Federal Reserve governor, following President Trump's nomination amid ongoing legal challenges regarding Fed governance [1][2][3]. Group 1: Nomination and Confirmation Process - Stephen Miran has been nominated by President Trump to replace Adriana Kugler, who resigned unexpectedly in August [3]. - If confirmed, Miran will serve until January 31, marking the end of Kugler's term [3]. - Miran has indicated he will take an unpaid leave from the Council of Economic Advisors if confirmed, which has drawn criticism from Senate Democrats [4]. Group 2: Context of the Nomination - The vote on Miran's nomination follows a federal judge's temporary block on Trump's attempt to fire another Fed governor, Lisa Cook, amid her legal challenge [2]. - The timing of the vote is significant as it precedes a scheduled Fed board meeting to discuss potential interest rate cuts, a demand made by Trump [2].