The Senate confirms President Trump’s nominee for to chair the Federal Reserve. Bernie Bennett has more. VERBATIM: The Senate confirmed Kevin Warsh’s nomination to a 14-year term on the Federal Reserve’s Board of Governors on Tuesday, teeing up a final vote to make the ally of President Donald Trump the central bank’s next chair. The […]
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Senate Confirms Warsh for Fed Chair
The Senate confirms President Trump’s nominee for to chair the Federal Reserve. Bernie Bennett has more.
VERBATIM:
The Senate confirmed Kevin Warsh’s nomination to a 14-year term on the Federal Reserve’s Board of Governors on Tuesday, teeing up a final vote to make the ally of President Donald Trump the central bank’s next chair.
The 51-45 vote was largely along party lines, with Sen. John Fetterman of Pennsylvania the only Democrat to vote in favor of Warsh, a former Fed governor and Wall Street banker. Warsh’s nomination to be the central bank’s chair for a four-year term requires a separate Senate vote, which is expected as soon as Wednesday.
Bernie Bennett, Washington.