Kevin Warsh set to clear key Senate hurdle to replace Fed chair Powell
A Senate committee is poised to advance Trump’s pick as doubts linger over the Fed’s independence and Powell’s future US politics live – latest updates Sign up for the Breaking News US newsletter email Kevin Warsh, Donald Trump’s pick to lead the Federal Reserve , is set to clear a key procedural hurdle on Wednesday, opening the way for him to succeed Jerome Powell in coming weeks amid the White House’s unprecedented efforts to exert control over the world’s most powerful central bank. The Sen
A Senate committee advances Trump’s pick as doubts linger over the Fed’s independence and Powell’s future
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Kevin Warsh, Donald Trump’s pick to lead the Federal Reserve, clears a key procedural hurdle on Wednesday, opening the way for him to succeed Jerome Powell in coming weeks amid the White House’s unprecedented efforts to exert control over the world’s most powerful central bank.
Warsh’s nomination was approved in a 13 to 11 vote, strictly along party lines with Republicans supporting the nomination, setting up a confirmation vote in the US Senate in the coming days.
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