CBS News (@CBSNews) “The Senate on Wednesday voted to confirm Kevin Warsh as chairman of the Federal” — TopicDigg

The Senate on Wednesday voted to confirm Kevin Warsh as chairman of the Federal Reserve, marking a victory for President Trump, who has clashed with outgoing Fed chief Jerome Powell repeatedly and urged the central bank to slash interest rates. The vote was 54-45, with Democratic Sen. John Fetterman of Pennsylvania joining all Republicans in support of Warsh's confirmation. Warsh's four-year term as Fed chair will begin Friday. Powell has said he will remain a rank-and-file Fed board member for the time being. Warsh previously served on the Federal Reserve Board of Governors from 2006 to 2011. He then worked as a fellow at Stanford University's Hoover Institution and a partner at billionaire Stanley Druckenmiller's personal investment office.