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Fed chair nominee Warsh set to get US Senate nod as inflation intensifies
The U.S. Senate is expected to confirm Kevin Warsh as chair of the Federal Reserve on Wednesday, putting the 56-year-old lawyer and financier at the helm as the U.S. central bank grapples with intensifying inflation that may make it hard to push through the interest-rate cuts that President Donald Trump has demanded. A Senate vote is for 2 p.m. EDT (1800 GMT), following Tuesday's vote in the Republican-majority body approving Warsh's appointment to the Fed's seven-member Board of Governors. His swearing-in to both positions would then await final White House signatures on paperwork sent by the Senate. Warsh will take ... (full story)
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