The Senate has confirmed Kevin Warsh to the Federal Reserve's Board of Governors, a crucial step in President Trump's push to make Warsh the central bank's leader, replacing Jerome Powell.

The Senate confirmed President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world's most powerful central bank at a fraught moment for the global economy.

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Kevin Warsh was confirmed on Wednesday as the next chair of the Federal Reserve, placing a longtime central bank critic at the helm as policymakers confront persistent inflation pressures and growing political calls for lower interest rates. The Senate ...