The Senate has approved one of President Donald Trumps top economic advisers for a seat on the Federal Reserves governing board, giving the White House greater influence over the central bank just two days before it is expected to vote in favor of reducing its key interest rate.

The vote to confirm Stephen Miran was largely along party lines, 48-47. He was approved by the Senate Banking Committee last week with all Republicans voting in favor and all Democrats opposed.

Mirans nomination has sparked concerns about the Feds longtime independence from day-to-day politics after he said during a committee hearing earlier this month that he would keep his job as chair of the White Houses Council of Economic Advisers, though would take unpaid leave. Senate Democrats have said such an approach i

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