The Senate on Monday confirmed President Donald Trump's pick to join the Federal Reserve , Stephen Miran , just one day before the central bank meets to consider whether to cut interest rates.

Miran's fast-tracked confirmation by a vote of 48-47 late Monday means he will attend the board's highly-anticipated Federal Open Market Committee meeting in Washington D.C., which begins Tuesday.

The vote largely fell along party lines, with the exception of Republican Sen. Lisa Murkowski of Alaska, who joined Democrats in opposing Miran's confirmation.

Miran has said that once he is confirmed, he plans to take an unpaid leave of absence from his job as chair of the White House Council of Economic Advisors.

But he has so far stopped short of agreeing to resign altogether from the politic

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