WASHINGTON (AP) — The Senate Banking Committee voted on party lines Wednesday to approve Kevin Warsh as the next chair of the Federal Reserve to replace Jerome Powell, a long-time target of President Trump’s insults for not cutting borrowing costs as far as the president wanted.
The Senate Banking Committee is expected to meet at 10 a.m. EDT. Watch live in our video player above.
The vote was 13-11, with all Republican senators voting in favor and Democrats opposed.
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Warsh is a former top
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