05:30 AM EDT, 09/16/2025 (MT Newswires) -- The Senate on Monday confirmed Stephen Miran to the Federal Reserve Board in a tight 48-47 vote, multiple media outlets reported Tuesday.

Miran will serve the remaining months of former Fed Governor Adriana Kugler's term, which ends in January. Kugler resigned in August to resume her academic role at Georgetown University, the reports said.

Miran's confirmation comes just ahead of the Fed's two-day policy meeting, which concludes Wednesday and is expected to result in an interest rate cut, according to the reports.

The reports added that if sworn in before the meeting ends, Miran could participate in the decision.

Additionally, Trump has attempted to fire Fed Governor Lisa Cook over disputed mortgage fraud allegations, though a judge has temporarily blocked the move pending legal proceedings, media outlets reported.