Senate confirms Kevin Warsh as Fed chair, 54-45 (opens in new tab)

The U.S. Senate confirmed Kevin Warsh as Federal Reserve chair on Wednesday, voting 54-45 to approve President Trump's nominee to succeed Jerome Powell when Powell's four-year term as chair ends Friday, May 15. The vote was largely along party lines; Sen. John Fetterman of Pennsylvania was the only Democrat to support Warsh, and Sen. Kirsten Gillibrand of New York did not vote. Warsh, 56, served on the Fed's Board of Governors from 2006 to 2011. The Senate had separately confirmed him Tuesday...