Senate confirms Kevin Warsh to Fed board ahead of expected Chair vote
CoinDesk
The U.S. Senate confirmed Kevin Warsh to the Federal Reserve Board, positioning him for a potential vote to become the new Fed chair.Summary
The U.S. Senate voted 51-45 to confirm Kevin Warsh to the Federal Reserve Board of Governors. Warsh, a former Morgan Stanley banker known for his investment ties to the cryptocurrency sector, is the nominee to replace outgoing Fed Chair Jerome Powell. While his confirmation to the board is secured, he faces a subsequent Senate vote to finalize his appointment as chair. Warsh takes on this role during a period of economic uncertainty, characterized by inflation concerns and ongoing debates regarding digital asset regulation and blockchain policy.
(Source：CoinDesk)