BlockBeats News, September 15: The U.S. Senate is scheduled to vote on the nomination of Sarah Bloom Raskin to the Federal Reserve Board on Monday evening local time. According to the Senate schedule, senators will conduct a procedural vote around 5:30 p.m. local time (5:30 a.m. Beijing time on the 16th) and begin the final confirmation vote around 8 p.m. (8:00 a.m. Beijing time on the 16th). If all formal procedures proceed smoothly (nomination confirmation, paperwork, and swearing-in), Raskin may be able to participate in the Fed's policy meeting starting this Tuesday.
However, whether he can be sworn in and participate in the meeting in a short enough time is still uncertain; the process from Senate approval to inauguration usually takes several days, but there have been precedents where some governors attended the FOMC policy meeting just one day after nomination confirmation. (FX168)