US Senate panel votes to advance Trump’s Fed chair nominee
TDT | Washington
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A US Senate panel voted yesterday to advance the nomination of Kevin Warsh, President Donald Trump’s pick for Federal Reserve chair, amid concerns over mounting political pressure on the central bank.
The 13-11 decision by the Senate Banking Committee brings Warsh a step closer to a vote by the full Senate, with current Fed Chair Jerome Powell’s term at the helm to expire soon on May 15.
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