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Trump Fed chair nominee Kevin Warsh is confirmed by Senate as Jerome Powell vows to stay on board

The Independent·John Bowden·19 days ago
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Donald Trump’s Fed chair nominee has been confirmed by the Senate after months of the president’s attempts to pressure the Federal Reserve’s existing chair to leave the position. Kevin Warsh cleared a key procedural vote on Monday before his final confirmation vote Wednesday afternoon. He was confirmed by a vote of 54 to 45 after GOP Sen. Thom Tillis, who sits on the Senate Banking Committee, ended his opposition to Warsh and joined with his fellow Republicans to confirm the Harvard Law alum to the Federal Reserve, where he previously served as a member of the Board of Governors during the 2008 financial crash. Tillis, a conservative who broke ranks to oppose the GOP’s “Big, Beautiful Bill” last year, opposed Warsh’s nomination because the president was involved in a campaign to force current Fed Chair Jerome Powell, out of office.…

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