Fed chief nominee Kevin Warsh clears key hurdle in Senate, on track to succeed Jerome Powell

Source: New York Post

Kevin Warsh, President Trump’s pick to lead the Federal Reserve, cleared a key procedural hurdle on Wednesday, opening the way for him to succeed Jerome Powell in coming weeks amid the White House’s unprecedented efforts to exert control over the world’s most powerful central bank. The Senate Banking Committee voted along party lines to advance Warsh’s nomination to the full Republican-controlled Senate. All 13 Republicans on the panel supported Warsh after North Carolina Sen.