The Senate Banking Committee advanced Stephen Moore’s nomination for a short-term Fed Board position in a narrow party-line vote, as Republicans push to confirm him ahead of next week’s rate decision meeting.
The U.S. Senate Banking Committee voted 13–11 along party lines to move forward with Trump adviser Stephen Moore’s nomination for a temporary Federal Reserve Board seat. Republicans intend to secure his confirmation before the Fed’s upcoming meeting, where markets anticipate the first rate cut since December due to slowing job growth.