Kevin Warsh will officially become the new head of the Federal Reserve.
The Senate voted 54–45 on May 13 to confirm Warsh’s four-year term as the 17th Fed chair.
This comes a day after the upper chamber approved Warsh’s 14-year term on the central bank’s Board of Governors. He previously served on the board from 2006 to 2011.
Warsh’s ascent to chairman was one of the most partisan votes in the institution’s century-long history.
Sen. John Fetterman (D-Pa.) was the lone Democrat to vote for President Donald Trump’s pick. Other Democratic lawmakers had expressed reluctance to support Warsh’s nomination….