Internet reports that White House senior economic adviser Stephen Miran is expected to clear the obstacles in the U.S. Senate and be nominated as a Fed governor on Wednesday, and will further advance Trump's efforts to exert more direct influence on interest rate policy and the Fed's broader functions. The Senate Banking Committee is expected to vote before a hearing at 10 a.m. EDT (10 p.m. Beijing time) to refer Milan's nomination to the full Senate. All Democratic lawmakers are expected to vote no, but the committee's 13 - 11 Republican majority is expected to ensure the nomination passes. Lawmakers involved in the process said it was unclear whether the remaining confirmation process could be completed in time for Milan to attend the September 16-17 Fed policy meeting. A Senate Republican aide familiar with the confirmation process said Milan could be approved as early as Monday under the Senate's complex rules, leaving little time to complete other necessary steps before Milan is sworn in. However, the 53 - 47 Republican majority in the Senate means that even if he is not able to participate in next week's interest rate vote in time, he is likely to take office soon.