Stephen Miran was sworn as a member of the Federal Reserve’s Board of Governors, allowing him to participate in this week’s highly anticipated meeting of the Fed’s rate-setting committee, as reported by Bloomberg.

Miran, 42, was nominated by President Donald Trump to fill a term ending January 31. He previously served as chair of the White House Council of Economic Advisers, a role he is now taking unpaid leave from while joining the Fed. His confirmation by the Senate was narrow, reflecting some concern over the independence of the central bank.

An economist with experience across government and the private sector, Miran earned a Ph.D. in economics from Harvard University and previously held roles at Fidelity Investments, Sovarnum Capital, and Hudson Bay Capital Management.

During his tenure at the Council of Economic Advisers, he helped shape the administration’s economic policy, including positions on tariffs and currency valuation, which drew both support and criticism.

Miran’s appointment comes at a critical juncture for the Fed, which is widely expected to cut interest rates by a quarter percentage point at the meeting. His presence adds a new vote just as policymakers consider moves to address persistent inflation, slowing job growth, and broader economic conditions.