The Senate has confirmed Stephen Miran, an economic adviser to President Trump, for a seat on the Federal Reserve's board, raising concerns about the Fed's independence. The vote was 48-47, mostly along party lines, with Democrats opposing Miran's nomination. Miran has stated he would act independently, despite previous comments about the Fed's revolving door with the White House. His confirmation comes amid ongoing economic challenges, including high inflation and rising unemployment, as the Fed is expected to cut interest rates.