Kevin Warsh is one step closer to leading the Federal Reserve after the Senate Banking Committee approved his nomination in a narrow 13-11 vote on Wednesday.
The full Senate is expected to take up the matter in the coming days, as lawmakers race to install a new Fed chair before Jerome Powell’s term expires in mid-May.
This is a developing story. Please check back for further updates.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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