Core Points - The U.S. Senate confirmed Stephen Milan as a member of the Federal Reserve Board with a vote of 48 to 47 [1][4] - Milan's confirmation allows him to participate in the Federal Reserve meeting starting on September 16 [4] - Milan holds a Ph.D. in economics from Harvard University and has experience in asset management [4] - He served as an advisor at the U.S. Treasury during President Trump's first term [4] - Milan was nominated by Trump on July 7 to fill the vacancy left by Adrienne Kugler, who resigned on August 8 [4] - Kugler's term was originally set to expire on January 31, 2026 [4]

Core Points - Stephen Moore, nominated by Trump, has received enough votes to be confirmed as a Federal Reserve Board member [1] - He will participate in the Federal Reserve meeting scheduled for September 16-17 [1]

Core Points - Milan has received sufficient votes to be confirmed by the US Senate for the position of Federal Reserve Governor [1] - The confirmation of Milan's nomination allows for participation in the upcoming interest rate meeting this week [1]

Core Points - Stephen Milan's nomination to the Federal Reserve Board has passed a procedural vote in the Senate, indicating a likely confirmation before the Federal Open Market Committee's interest rate decision meeting on Tuesday [1] Group 1 - Stephen Milan's nomination is significant for the Federal Reserve's governance and decision-making processes [1] - The timing of the confirmation is crucial as it aligns with the upcoming interest rate decision meeting [1] - The procedural vote reflects the Senate's support for Milan's appointment, which may influence market expectations [1]

Core Points - The nomination of Milan to the Federal Reserve Board has been approved by the Senate committee [1] Group 1 - The Senate committee's vote signifies a step forward in the confirmation process for Milan [1]

Core Viewpoint - Stephen Miran is expected to clear Senate hurdles for his nomination to the Federal Reserve Board, which may allow for more direct influence from Trump on interest rate policies and the broader functions of the Fed [1] Group 1: Nomination Process - The Senate Banking Committee is scheduled to vote on Miran's nomination before a hearing at 10 AM ET, which will then be forwarded to the full Senate [1] - Democratic senators are expected to vote against the nomination, but the Republican majority of 13 to 11 in the committee is likely to ensure its passage [1] - There is uncertainty regarding the completion of the confirmation process in time for Miran to attend the Fed's policy meeting on September 16-17 [1] Group 2: Timing and Implications - A Senate Republican aide indicated that due to complex Senate rules, Miran may be approved as early as Monday, leaving little time for necessary steps before his swearing-in [1] - The Republican majority in the Senate, which stands at 53 to 47, suggests that even if Miran cannot participate in the upcoming interest rate vote, he is likely to assume office shortly thereafter [1]

Core Viewpoint - The nomination of Fed board candidate Milan by President Trump raises concerns about the potential conflict of interest and independence of the Federal Reserve, as he may return to his previous White House role after a short tenure [1] Group 1: Nomination and Confirmation Process - Milan is nominated to replace Kugler, who unexpectedly resigned, with a term lasting until January 31, 2026 [1] - Milan's plan to take an unpaid leave from his current position as Chairman of the White House Council of Economic Advisers to facilitate a return without needing a new Senate confirmation has been highlighted [1] Group 2: Political Reactions - Democratic senators have expressed concerns that this arrangement could compromise Milan's ability to maintain independent judgment [1] - Republican Senator Mike Rounds from South Dakota expressed surprise at the proposal but no Republican lawmakers have indicated opposition to Milan's confirmation [1]

Group 1 - COMEX gold inventory recorded at 1205.72 tons on August 28, an increase of 5.79 tons from the previous trading day [1][2] - COMEX gold price closed at $3476.90 per ounce on August 28, up 0.73%, with an intraday high of $3478.70 and a low of $3442.50 [1][2] Group 2 - The U.S. Senate, led by the Republican Party, is likely to confirm Stephen Miran's nomination to the Federal Reserve before the interest rate decision meeting on September 16-17 [2] - The Senate Banking Committee announced a hearing for Miran's nomination on September 4 at 10 AM ET, with Democrats acknowledging they cannot block the nomination alone [2] - Miran was appointed by President Trump to replace Adriana Kugler, who unexpectedly resigned in August, and will serve until January 31, 2026 [2]

Core Viewpoint - Trump is considering appointing his economic advisor, Milan, to replace Cook as a Federal Reserve Board member, with other potential candidates including former World Bank President David Malpass, who has criticized the Fed for not lowering interest rates [1] Group 1 - Trump has informed his advisors of the desire to quickly announce a nominee to replace Cook on the Federal Reserve Board [1] - Milan is the primary candidate being discussed for the position [1] - Malpass, a close ally of Trump, is also a potential nominee for another vacant position on the Federal Reserve Board [1]

Core Viewpoint - President Trump nominated Stephen Moore, the chairman of the White House Council of Economic Advisers, to fill the vacancy left by the sudden resignation of Federal Reserve Board member Adriana Kugler [1] Group 1 - Stephen Moore's nomination is aimed at filling a critical position within the Federal Reserve, which plays a significant role in shaping U.S. monetary policy [1]