The Federal Reserve Board has confirmed Kevin Warsh as the new chair, succeeding Jerome Powell, whose term ends on Friday. US President Donald Trump’s picked candidate was aimed to succeed...

The U.S. Senate on Wednesday confirmed Kevin Warsh as the next chair of the Federal Reserve, clearing the way for him to replace the central bank's outgoing chief Jerome Powell, whose term ends Friday. All eyes are on whether Warsh can keep his promise to maintain the Fed's autonomy in…

Kevin Warsh was confirmed as the new Federal Reserve chair by the Senate, ushering in a new era at the central bank.

WASHINGTON - The Senate on Wednesday approved President Donald Trump’s nominee for Federal Reserve chair, ending a contentious confirmation process for Kevin Warsh, a former central bank official-turned-critic and aide to former President George W. Bush, with familial ties to a longtime billionaire Republican donor. Key facts - Warsh, 55, earned a law degree from Harvard University in 1995 before becoming a banker at Morgan Stanley, where he later served as vice president and executive director before joining the Bush administration in 2002 as executive secretary at the National Economic Council. - Bush nominated Warsh to serve on the Federal Reserve’s Board of Governors in 2006, with Warsh becoming the youngest person ever to join the central bank at 35. - During the 2008 financial crisis, Warsh aided in the government’s bailout of insurer AIG and assisted in JPMorgan’s acquisition of Bear Stearns, an 85-year-old brokerage that collapsed as the investment banking industry failed. - Warsh criticized the Fed’s…

May 12 (UPI) -- The U.S. Senate voted Tuesday to confirm Kevin Warsh as a member of the Federal Reserve Board of Governors, putting President Donald Trump's pick one step away from the position of Fed chair.

The Senate confirmed Kevin Warsh to the Federal Reserve's Board of Governors on Tuesday. He has now jumped the last filibuster hurdle for the chairmanship.

The upper chamber voted to approve Warsh's nomination by a 51-45 vote, on a mostly party-line basis.

The upper chamber voted to approve Warsh's nomination by a 51-45 vote, on a mostly party-line basis.

The upper chamber voted to approve Warsh's nomination by a 51-45 vote, on a mostly party-line basis.

The upper chamber voted to approve Warsh's nomination by a 51-45 vote, on a mostly party-line basis.