Kevin Warsh confirmed as Fed chair, succeeding Jerome Powell
Kevin Warsh confirmed as Fed chair, succeeding Jerome Powell
Kevin Warsh confirmed as Fed chair, succeeding Jerome Powell | CNN Business
Kevin Warsh was narrowly confirmed Wednesday by the Senate to serve as the 17th chair of the Federal Reserve, inheriting a central bank that has long been under political siege from President Donald T...
Warsh will formally succeed Fed Chair Jerome Powell, whose eight-year tenure was marked by several economic crises and a heated clash with the White House to defend the US central bank’s political independence.
Warsh was confirmed in a 54-45 vote, mostly split along party lines, with only Democratic Sen. John Fetterman of Pennsylvania crossing the aisle to vote in favor of Warsh’s nomination. It was the most partisan vote for a Fed chair nominee in history.