In what was expected to be a contentious Federal Reserve meeting, policymakers on Wednesday instead emerged with a nearly unanimous voice to cut interest rates by a quarter-point.

() - Federal Reserve board members would not be able to hold dual positions appointed by the president if U.S. Sen. Ruben Gallego’s new bill becomes law.

The Senate confirmed the rushed appointment of Stephen Miran, chairman of the White House Council of Economic Advisers, in a 48-47 vote in favor. He is set to fill the empty seat left by former Fed Governor Adriana Kugler, who stepped down from the role in August. The term is set to end in January.

The Senate has approved one of President Donald Trump’s top economic advisers for a seat on the Federal Reserve’s 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.

While there is little doubt about the outcome of the Fed meeting, there are still questions over who exactly will be voting.

U.S. corporate bond deal-making in the investment-grade market picked up on Thursday following a quiet period earlier in the week, spurred by a quarter basis point rate cut from the Federal Reserve at its September meeting.

The euro eases from the four-year high reached against the dollar Wednesday following the Federal Reserve’s decision to cut interest rates by 25 basis points. The dollar initially weakened after the decision but quickly reversed higher as Fed Chair Jerome Powell sounded cautious about future policy easing,