Senate confirms Kevin Warsh as Federal Reserve chair (opens in new tab)

The U.S. Senate confirmed Kevin Warsh as chair of the Federal Reserve in a 54-45 vote on Wednesday, approving President Trump’s nominee to replace Jerome Powell when Powell’s four-year term as chair ends Friday. The vote followed Senate approval Tuesday of Warsh for a 14-year term as a Fed governor. Warsh is expected to take the leadership role after the White House completes final paperwork and he is sworn in. Warsh takes over as President Trump has pressed the central bank for lower interes...