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.
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.