Trump has appointed three members to the Fed's governing board — two in his first term — all of whom could have voted in favor of steeper cuts. And many officials are wary of cutting too quickly, with inflation still clearly above the Fed's 2% target. But in the end, the only dissent came from a Trump appointee, Stephen Miran, who was hurriedly approved by the Senate late Monday, just hours before the two-day Fed meeting began. Brian Bethune, a Boston College economist, was impressed by the Fed's unity in the face of White House pressure. Many legal experts consider the firing a threat to the Fed's independence, as Trump has openly discussed securing a majority on the Fed's governing board.