Kevin Warsh confirmed as Fed chair, succeeding Jerome Powell | CNN Business
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Kevin Warsh was narrowly confirmed Wednesday by the Senate to serve as the 17th chair of the Federal Reserve, inheriting a central bank that has long been under political siege from President Donald Trump and an economy rattled by geopolitical tensions that are driving inflation higher.

Warsh will formally succeed Fed Chair Jerome Powell, whose eight-year tenure was marked by several economic crises and a heated clash with the White House to defend the US central bank’s political independence.

Warsh was confirmed in a 54-45 vote, mostly split along party lines, with only Democratic Sen. John Fetterman of Pennsylvania crossing the aisle to vote in favor of Warsh’s nomination. It was the most partisan vote for a Fed chair nominee in history.

  • nondescripthandle@lemmy.dbzer0.com
    254·
    6 days ago

    Seriously, no one demanded a reason of Sinema. As long as there are democrats left, there will always be enough democrats flipping to pass republican agendas. It’s what they’re paid for.

    • frostedtrailblazer@lemmy.zip
      9·
      6 days ago

      Sinema officially did a flip to Independent, I wouldn’t be surprised if Fetterman does the same. All the more reason to primary corporate aligned incumbents and vote progressives in though; which currently occupy less than five seats officially in the Senate and about 100 seats in the House.