Kevin Warsh Is One Step Closer To Top Job At The Fed After Trump's Pick Approved By Senate Committee
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The Senate Banking vote is the first of two key events surrounding the future of the Fed’s leadership. WASHINGTON (AP) — The Senate Banking Committee voted on party lines Wednesday to approve Kevin Warsh as the next chair of the Federal Reserve to replace Jerome Powell, a longtime target of President Donald Trump ’s insults for not cutting borrowing costs as far as the president wanted. The vote was 13-11, with all Republican senators voting in favor and Democrats opposed. Warsh is a former top
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