Kevin Warsh clears key Senate hurdle to replace Fed chair Powell

A Senate committee advances Trump’s pick as doubts linger over the Fed’s independence and Powell’s futureUS politics live – latest updatesSign up for the Breaking News US newsletter emailKevin Warsh, Donald Trump’s pick to lead the Federal Reserve, clears a key procedural hurdle on Wednesday, opening ‌the way for him to succeed Jerome Powell in coming weeks amid the White House’s unprecedented efforts to exert control over the world’s most powerful central bank.Warsh’s nomination was approved in a 13 to 11 vote, strictly along party lines with Republicans supporting the nomination, setting up a confirmation vote in the US Senate in the coming days. Continue reading...