US SENATE APPROVES TRUMP'S FED CHAIR PICK

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The US Senate confirmed Kevin Warsh as the next chair of the Federal Reserve on Wednesday in a 54-45 vote. Warsh, nominated by President Donald Trump, will succeed Jerome Powell, whose term ends this Friday. The confirmation was largely split along party lines, with Pennsylvania’s John Fetterman serving as the only Democrat to vote in favor. Warsh’s victory marks the narrowest margin for a Fed chair since the Senate approval process began in 1977.




