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.

  • HubertManne@piefed.social
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    6 days ago

    I hate the dur dur. Its always been like this replies to stuff like this. He was genuinely different and musk was not a complete nutter at one point too and heck even the republicans had some merit when you go back 50 years. Not saying they were all great but definately a difference from one time period to another.