Kevin Warsh, President Donald Trump’s nominee for chairman of the Federal Reserve Board of Governors, has gained approval at the committee level and will head to a confirmation vote before the full Senate.
Warsh, 56, was advanced by the Senate Banking, Housing, and Urban Affairs Committee in a party-line 13-11 vote on Wednesday. The favorable vote comes after Sen. Thom Tillis (R-NC) dropped his blockade of Warsh’s nomination in response to the Justice Department ending its investigation into current Fed Chairman Jerome Powell.
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