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Senate confirms Kevin Warsh to Fed board as he clears another hurdle toward becoming chairman

New York Post·Taylor Herzlich·20 days ago
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The Senate on Tuesday confirmed Kevin Warsh to the Federal Reserve board, as President Trump’s nominee cleared another hurdle toward his path to becoming the central bank’s next chairman. In a 51-45 vote, the Senate also approved a motion to invoke cloture, meaning there will be no more debate over Warsh’s nomination and a vote to confirm him as chairman will take place as soon as Wednesday evening. Warsh – the 56-year-old financier slated to become the wealthiest Fed chairman in history – has been facing an uphill battle since the president selected him in January to replace outgoing Chair Jerome Powell. The Senate on Tuesday confirmed Kevin Warsh to the Federal Reserve board. Sen.…

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