We had the heads up on the likelihood of this yesterday:

  • Miran is Trump's pick to step onto the Federal Reserve Board to replace the recently resigned Kugler.
  • Miran is expected to be approved by the full Senate vote along party lines.
  • This should get Miran onto the Federal Open Market Committee (FOMC) meeting on September 16 - 17. A 25bp rate cut is widely expected, whether Miran takes his seat on FOMC by then or not.

more to come

Source: Investing Live