Senate Banking Committee Gives Kevin Warsh Thumbs Up To Lead the Fed

The Senate Banking Committee on Wednesday approved former Fed Governor Kevin Warsh to take the reins at the central bank.

The nomination was approved by the committee on a party line vote, with 13 Republicans voting to advance Warsh and 11 Democrats voting to reject the nomination. Warsh’s nomination now goes to the full Senate for a confirmation vote.

President Donald Trump nominated Warsh to take over when current chairman Jerome Powell’s term expires in May. The confirmation process was held up for several weeks by Senator Thom Tillis, who said he would not vote to advance the nomination until a Justice Department investigation of Powell…

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