The Guardian Australia
·general
·2 hours ago
Kevin Warsh advances toward Fed chair confirmation with party-line committee vote
Kevin Warsh, Donald Trump's pick to lead the Federal Reserve, cleared a Senate committee vote on Wednesday in a 13-11 party-line decision, advancing toward full Senate confirmation to succeed Jerome Powell. Warsh, a 56-year-old lawyer and former Fed governor, has promised "regime change" at the central bank. Democrats expressed concerns he will prioritize the president's wishes over monetary policy independence.
Summary by Glance · The Guardian Australia
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