Stephen Miran and Lisa Cook will both cast votes at the central bank’s meeting on Wednesday, where policymakers are expected to lower interest rates.

Miran said he will take a leave of absence from his job as White House economics adviser while serving on the Fed, an arrangement criticized by Democrats.

The Senate voted 48-47 Monday night to confirm White House Economic Adviser Stephen Miran's nomination to serve as a member of the Board of Governors of the Federal Reserve.

The Treasury yield curve could steepen as investors demand higher compensation for perceived fiscal and political risk amid rising pressure from the Trump administration on the U.S. Federal Reserve, bond fund managers said on Tuesday.

President Donald Trump predicted a “big cut” from the Federal Reserve this week ahead of a pivotal meeting at which the central bank’s governors are expected to ease policy for the first time in nine months.

The survey found that 41% of respondents surveyed believe that the president's actions are directly aimed at eliminating the Fed's independence, with 41% saying they are designed to limit them.

Stocks kick off the week with investors reacting to President Trump's comments on China trade talks. Federal Reserve decision Wednesday set to be week's main event.

President Donald Trump has approved federal disaster aid for six states and tribes following storms and floods this spring and summer