Milan's Federal Reserve Board nominee has been approved by the Senate Banking Committee, bringing Trump one step closer to controlling the Federal Reserve.

BlockBeats News, September 10th: The U.S. Senate Banking Committee voted 13-11 to approve the nomination of Milan to the Federal Reserve Board. Milan will still need to be confirmed by the full Senate next Monday. (IG)

BlockBeats Note: Milan's successful nomination is a key step in Trump's efforts to control the Federal Reserve. Trump is expected to have a majority of seats on the Federal Reserve Board, with Milan previously serving as an "acting" director.