President Donald Trump’s nominee Kevin Warsh gained Senate confirmation Wednesday to be chairman of the Federal Reserve, where he is immediately set to face a dilemma between trying to curb inflation and fulfilling Trump’s wishes by lowering interest rates.

The U.S. ​Senate on Wednesday approved Kevin Warsh as chair of the Federal Reserve, putting the 56-year-old lawyer and financier at the helm as the U.S. central bank ‌grapples with intensifying inflat...

Warsh won confirmation 54–45, earning support from all Senate Republicans but just one Democrat, John Fetterman of Pennsylvania.