Warsh confirmed as Federal Reserve chair, as US central bank faces Trump assault
The US Senate on Wednesday confirmed Kevin Warsh as the new Federal Reserve chairman to lead a central bank whose independence is under attack and with inflation at a three-year high.
The Senate voted 54 to 45 to in favour of Warsh, with Republicans holding a slim majority and ensuring US President Donald Trump’s nominee to replace Jerome Powell was confirmed.
Once known as a monetary “hawk” against inflation, Warsh has shifted in line with Trump’s push for lower interest rates that has posed an...
Kevin Warsh confirmed as Fed Chair
- The Senate took another procedural step toward confirming Kevin Warsh as the next Federal Reserve chair, advancing his nomination to a final vote to join the Fed’s board Wall Street Journal —
- Senate advances Warsh, Trump’s pick to chair Federal Reserve The Hill —
- Warsh’s Fed Nomination Clears First in Series of Senate Votes Bloomberg —
- Two Democrats join GOP to advance Warsh Fed nomination Washington Examiner —
- Fed chair nominee Warsh clears hurdle on path to Senate confirmation - Reuters Reuters —