Fed "Steve Myron, officially sworn in as a board member"

Steve Myron, chair of the White House Council of Economic Advisers, has taken office as a member of the U.S. Federal Reserve (Fed) Board.

On the 16th (local time), according to Walter Bloomberg, the Fed said in a statement, "Steven Myron has officially taken office as a Fed board member." Earlier, on the 15th, the U.S. Senate approved Myron's nomination to the board by a vote of 48 in favor and 47 against.

This makes three of the Fed's seven board members Republican appointees, with Myron joining existing board members Christopher Waller and Michelle Bowman.