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1 week ago

Once doomed, Trump's pick to carry out his economic vision clears first crucial hurdle

President Donald Trump's next pick to lead the nation’s central bank is one step closer to securing the job, despite early fears that his nomination was doomed. The Senate, in a test vote, confirmed Kevin Warsh to be on the Federal Reserve’s Board of Governors, the main governing body of the central bank, and a post he previously served on nearly two decades ago. The institution dictates monetary policy for the nation and has been a thorn in Trump’s side throughout his second term. Tuesday’s successful test vote was the first step in Republicans’ quest to confirm Warsh as the next chair of the...