Trump's Fed chair pick Kevin Warsh confirmed by US Senate
Kevin Warsh won confirmation on Wednesday with 54 votes in favor and 45 against. He will succeed Jerome Powell, whose term ends on Friday. Only one Democrat, Pennsylvania Senator John Fetterman, voted in favor of confirming Warsh.
Warsh previously held the position of Fed chair from 2006 to 2011. He was confirmed by the Senate to serve as a Fed governor on Tuesday. Senator Elizabeth Warren warned Warsh is "uniquely ill-suited" for the role. Carl Tobias told the BBC that Warsh faces a "Mission Impossible" when he takes on the job.
Warsh's nomination will now go to President Trump's desk for final approval.
Quick Summary
The US Senate has confirmed Donald Trump's pick for Federal Reserve chair. The new chair faces a difficult task - balancing political pressure with economic realities.
Summary - read the full story for complete context.

Image: MyJoyOnline
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from MyJoyOnline
Related Stories
More from Business & Economy

Shrinking Milka chocolate bar tricked consumers, says German court
A popular chocolate bar got smaller, but the wrapper didn't change- now a court has weighed in. What does this mean for consumers?
3h ago•3 min read










