Key Facts

• The Senate Banking Committee meets to vote on Kevin Warsh’s nomination for Federal Reserve chair.
• Kevin Warsh was nominated by President Donald Trump in January.
• The committee is expected to approve Warsh on a party-line vote.
• The full Senate will vote on Warsh’s nomination next month.
• Jerome Powell is likely holding his last meeting as Fed chair on this day.
• Powell may announce if he will remain on the Fed’s board of governors after May 15.
• Last year, Warsh supported lowering the Fed’s key interest rate, raising questions about his independence.
• Powell’s possible decision to stay on the board after his chair term ends is unusual.