Senate Banking Committee Approves Kevin Warsh Nomination for Federal Reserve Chair
The Senate Banking Committee voted along party lines to advance Kevin Warsh's nomination as Federal Reserve chair, setting up a full Senate vote. The decision came hours before the Fed's latest interest rate announcement and Jerome Powell's final press conference as chair. The move followed the Justice Department's decision to drop its probe into Powell.
upi.comThe Senate Banking Committee approved Kevin Warsh's nomination to serve as chair of the Federal Reserve, advancing it to a full Senate vote. Warsh was nominated by President Trump.
The approval came on the same day as the Federal Reserve's interest-rate decision meeting. Jerome Powell is delivering his final FOMC press conference as Federal Reserve chair during this meeting.
MarketWatch is providing live coverage of the Federal Reserve's interest-rate decision and Powell's press conference.
