US Senate confirms Trump aide to Fed as politics loom over rate meeting | Business

WASHINGTON, Sept 16, 2025 (BSS/AFP) - The US Senate on Monday narrowly cleared President Donald Trump's choice for a key role at the Federal Reserve, as the clock ticks down to the central bank's next policy meeting. The decision came just as a US federal appeals court also ruled Monday night that Fed Governor Lisa Cook can remain in her position while challenging her ouster from the bank -- after Trump sought to fire her. Both developments set the stage for the two-day gathering of the bank's rate-setting Federal Open Market Committee (FOMC), due to begin early Tuesday. All eyes will be on the outcomes of this gathering amid concern over political pressure faced by the independent central bank. Late...