Trump's nominee, Stephen Milan, has passed the Senate Banking Committee with a 13-11 party-line vote (Republicans in favor, Democrats opposed) and has been recommended for a full Senate confirmation. Republicans hold the majority in the Senate, so Milan's confirmation is highly likely. Trump hopes Milan can take office before September 17 Beijing time. If Milan assumes the position on schedule, it would be favorable for rate cuts and the dot plot. Sponsored by Bitget ｜ @Bitget_zh