Senate confirms Kevin Warsh as Fed governor, clears way for chair vote

Kevin Warsh took another step towards becoming Federal Reserve chair on Tuesday, clearing a key Senate vote that puts him on the central bank Board of Governors.

The upper chamber voted to approve Warsh’s nomination by a 51-45 vote, on a mostly party-line basis. Only Sen. John Fetterman, D-Pa., crossed lines to vote for President Donald Trump’s pick.

Next up for the nominee, who sat on the board previously, is the vote to be chair, which is expected Wednesday.

Warsh’s vote also means the end of Stephen Miran’s brief term on the board.