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Stephen Miran and Lisa Cook will both cast votes at the central bank's meeting on Wednesday, where policymakers are expected to lower interest rates.
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A federal appeals court blocked President Trump from firing Federal Reserve governor Lisa Cook, just ahead of a key vote on interest rates.
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The Republican-controlled Senate on Monday voted in favor of President Donald Trump's nominee for Federal Reserve governor, Stephen Miran, ending some of the uncertainty around this week's Fed meeting that's widely expected to deliver a cut to interest rates.
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The Senate voted to install one of President Trump's top economic advisers at the central bank, opening the door for him to cast a vote at this week's meeting to set interest rates.
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An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump's efforts to remove her just ahead of a key vote on interest rates.
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