Macro
Fed chief nominee Kevin Warsh clears key hurdle in Senate, on track to succeed Jerome Powell
The Senate Banking Committee voted along party lines to advance Warsh's nomination to the full Republican-controlled Senate.


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The Senate Banking Committee voted along party lines to advance Warsh's nomination to the full Republican-controlled Senate.

The Senate Banking Committee advanced Kevin Warsh's nomination as Fed chair on Wednesday, teeing up the full chamber to hold a vote soon.

The Republican senator had blocked Kevin Warsh's nomination until the Justice Department stood down on its investigation of Fed Chair Jerome H. Powell.
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