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

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

Summary

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.

Description

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.

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