Milan is expected to catch up with the September policy meeting, the Senate committee will vote on its nomination for the Federal Reserve Board on Wednesday.

The U.S. Senate committee plans to vote on Wednesday on the nomination of White House economic advisor Stephen Moore as a Federal Reserve board member, which could enable him to be confirmed by the full Senate vote before the critical vote on interest rate cuts by the Fed in September. The Federal Open Market Committee will hold a meeting on September 16 and 17. Given the weakness in job growth, the FOMC is expected to cut interest rates for the first time since December. The Senate Banking Committee has announced the schedule for voting on Moore's nomination on its website. If there are no surprises, the committee will submit Moore's nomination for a Senate vote. Afterwards, Senate Republican leaders will need a few days to push for a vote to clear procedural obstacles and complete his confirmation.