Senate Confirms Kevin Warsh to 14-Year Fed Board Term, Clearing First Hurdle to Chair
Updated
Updated · NBC News · May 13
Senate Confirms Kevin Warsh to 14-Year Fed Board Term, Clearing First Hurdle to Chair
14 articles · Updated · NBC News · May 13
The Senate confirmed Kevin Warsh as a Federal Reserve governor, putting Trump’s pick in place on the central bank’s board before Jerome Powell’s chair term ends Friday.
A second Senate vote to elevate Warsh to Fed chair could come as soon as Wednesday, making the board confirmation the first of two required steps.
Powell has said he plans to remain on the board as a low-profile member after his chair term expires, an unusual setup as Warsh moves toward the top job.
The transition comes after the Justice Department closed a criminal investigation tied to renovations at the Fed’s Washington headquarters, while warning it could reopen the case.
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