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Trump's Fed chair pick Kevin Warsh confirmed by US Senate
Key takeaways
- Kevin Warsh won confirmation on Wednesday with 54 votes in favour and 45 against.
- Warsh's confirmation was the narrowest margin for the Senate approval of a Fed chair since the process was implemented in 1977.
- Only one Democrat, Pennsylvania Senator John Fetterman, voted in favour to confirm Warsh.
Archie Mitchell Business reporter Bloomberg via Getty Images Kevin Warsh has previously worked at the Federal Reserve and on Wall Street Donald Trump's Federal Reserve chair has been confirmed by the US Senate in a vote that fell largely along party lines.
Kevin Warsh won confirmation on Wednesday with 54 votes in favour and 45 against. He will succeed Jerome Powell, whose tenure featured multiple clashes with the US president over interest rates. His term ends on Friday.
Warsh's confirmation was the narrowest margin for the Senate approval of a Fed chair since the process was implemented in 1977.
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