CHAIRMAN SCOTT APPLAUDS DR. STEPHEN MIRAN ON HIS CONFIRMATION TO THE FEDERAL RESERVE BOARD OF GOVERNORS

The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:

Senate Banking Committee Chairman Tim Scott (R-S.C.) issued the following statement after the Senate voted 48-47 to confirm Dr. Stephen Miran to the Board of Governors of the Federal Reserve System.

"Dr. Miran's confirmation is a win for the American people, and I am proud to have worked with my colleagues on the Senate Banking Committee to make this possible. He brings deep experience, proven leadership, and a clear commitment to ensuring the American economy remains strong and competitive. I am confident Dr. Miran will act in an independent manner, and that he will prioritize monetary policy decisions which will foster growth, investment, and opportunity in South Carolina and across this great nation," said Chairman Scott.