US Republican lawmaker: Milan may not make it to next week's Federal Reserve meeting

Jinse Finance reported that Trump's nomination of Milan as a Federal Reserve governor is expected to clear a key hurdle in the Senate on Wednesday. However, lawmakers indicated that it may still be too late for Milan to participate in the voting at next week's Federal Reserve meeting. When discussing the logistical work of whether Milan's appointment could be confirmed before the September Federal Reserve meeting, Senate Finance Committee Republican Senator Lummis said, "I think this will be very challenging. Even introducing new procedures will take a lot of time." She was referring to possible modifications to the nomination process that Republicans are seeking. The Finance Committee is expected to vote on Wednesday on whether to advance Milan's nomination to the full Senate for consideration. It is expected that Democrats will unanimously oppose, but Republicans are likely to pass the advancement in the committee by a 13:11 majority. The timing of the full Senate vote remains unclear. A Senate Republican aide said Milan's nomination could be confirmed as early as next Monday. (Golden Ten Data)