Federal Reserve Board nominee Milani passes Senate committee test and may take office next week

According to ChainCatcher news, as reported by Jinshi, the U.S. Senate Banking Committee voted along party lines on Wednesday to support the nomination of Trump's advisor Stephen Milan for a short-term position as a Federal Reserve governor. The committee passed the nomination with a vote of 13 to 11, and Milan is expected to receive confirmation from the full Senate on Monday. The Federal Reserve will hold a meeting next week, and the market widely expects a rate cut for the first time since last December.