Kevin Warsh will officially replace Jerome Powell as chair of the Federal Reserve Board when Powell’s term expires on Friday, lawmakers voted Wednesday. The timing of a swearing-in ceremony has not yet been announced.
After the U.S. Senate confirmed Warsh to serve a 14-year term as governor at the U.S. central bank on Tuesday, senators voted mostly along party lines once again on Wednesday to approve his nomination by President Donald Trump for the top job at the Fed.
With a tally of 54-45, every Republican senator voted in favor of Warsh’s chair nomination, as was the case Tuesday in confirming his board seat. Democrats presented a mostly united front in voting against Warsh, with only Sen. John Fetterman of Pennsylvania breaking ranks on ...