To expedite the upcoming FOMC interest rate meeting next week, the Republican Party is accelerating the push for Milan to join the Federal Reserve
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The U.S. Senate Banking Committee supports Trump's advisor Stephen Moore to temporarily serve as a Federal Reserve governor, with Republicans accelerating his appointment in an effort to complete it before next week's FOMC meeting. Moore will join the Federal Reserve on an unpaid leave basis, and the FOMC is expected to announce its first interest rate cut since December of last year. Democrats have expressed concerns about this arrangement, arguing that Moore's appointment affects the independence of the Federal Reserve
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