PANews reported on September 10th that the U.S. Senate Banking Committee voted along party lines on Wednesday to nominate Stephen Milan, a Trump advisor, for a short-term position on the Federal Reserve Board. Republicans are moving quickly to confirm his nomination before next week's interest rate meeting. Sources familiar with the matter said the committee approved Milan's nomination by a 13-11 vote, putting him on track for confirmation by the full Senate on Monday. The Federal Reserve will meet later next week, and the market generally expects the Fed to cut interest rates for the first time since December due to slowing job growth.