The Senate voted 48-47 to confirm Stephen Miran to the Federal Reserve Board, bringing it a step closer to President Donald Trump's vision as he pressures the central bank to lower interest rates.

Miran, who currently serves as the White House's chairman of the Council of Economic Advisers, has drawn criticism from Democrats over his past attacks on the Fed and for saying that he plans to take an unpaid leave of absence from his White House role instead of resigning.