Trump's Federal Reserve chair nominee confirmed by Senate

Kevin Warsh is set to replace outgoing chair Jerome Powell, who has been a frequent target of Trump's criticism.

Kevin Warsh was confirmed in the US Senate to the critical role of chair of the Federal Reserve. President Donald Trump nominated Warsh for the four-year term at a critical time, with the central bank's independence under attack and inflation running at a three-year high.

The Senate voted largely along partisan line 54 to 45 to confirm Warsh, who has echoed Trump's call for lower interest rates to boost the US economy.

Warsh is set to replace outgoing chair Jerome Powell, who has been a frequent target of Trump's criticism.

This is a developing story, more details to come...

Edited by: Wesley Dockery