The US Senate has confirmed Kevin Warsh as a Federal Reserve governor, setting up a crucial period for the central bank amid political pressure. Warsh is now preparing to shape the Fed’s priorities and has signaled interest in reshaping how the Fed coordinates with the US Treasury. A Fed chair vote is expected on Wednesday.
The US Justice Department has ended its criminal probe of Federal Reserve chair Jerome Powell, finding no evidence of criminal conduct tied to the Fed’s building renovations. With subpoenas already dismissed by a judge, the ruling removes a key hurdle for President Trump’s nominee Kevin Warsh, potentially paving the way for a quicker Senate confirmation vote.
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