U.S. Senate to Vote on Federal Reserve Nominee Milan

According to BlockBeats, the U.S. Senate is scheduled to vote on the nomination of Milan for the Federal Reserve Board on Monday evening local time. The Senate agenda indicates that a procedural vote will occur at 5:30 PM local time (UTC+8: 5:30 AM on the 16th), followed by the final confirmation vote around 8 PM (UTC+8: 8 AM on the 16th). If all formal procedures, including confirmation, documentation, and swearing-in, are completed smoothly, Milan could potentially participate in the Federal Reserve's policy meeting starting Tuesday. However, it remains uncertain whether Milan can complete the swearing-in process in time to attend the meeting. Typically, it takes several days from Senate approval to assuming office, although there have been instances where board members participated in the Federal Open Market Committee (FOMC) meetings just a day after confirmation.