The US Senate voted largely along party lines to confirm Kevin Warsh to lead the Fed’s Board of Governors, despite many Democrats’ concerns about the central bank’s independence.
The US Senate has approved Kevin Warsh as the newest governor of the Federal Reserve and confirmed him as chair of the central bank, succeeding Jerome Powell.
Wednesday's cloture vote for Warsh to be the next Fed chair tallied votes at 54-45 along party lines, with the exception of Democratic Senator John Fetterman, to approve President Donald Trump’s nominee.
He was approved as a Fed governor on Tuesday in a 51-45 vote also along party lines, also with Fetterman joining Republicans.
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