THEAMERICANCONSERVATIVE (David Brady) - Kevin Warsh Confirmed as Federal Reserve Chair
The president has secured a second crucial ally on the central bank’s Board of Governors. The post Kevin Warsh Confirmed as Federal Reserve Chair appeared first on The American Conservative .
The Senate in a 54–45 Wednesday vote confirmed Kevin Warsh as the chair of the Federal Reserve. Senator Elizabeth Warren (D-MA) lead the Democratic attack on confirming Warsh, alleging that Republicans would regret aiding “President Trump’s Fed takeover by installing Mr. Warsh.” Warsh will be sworn in later this week to replace Jerome Powell, who intends to remain on the Board of Governors after his eight-year term concludes. Warsh insisted throughout his confirmation hearings that he did not make promises of rate cuts to President Donald Trump, but maintained that the nation’s central bank had failed in reaching its policy goals in recent years. Warsh is expected to act as an ally to the president alongside Trump’s…Open