Senate confirms Kevin Warsh as next Fed chair
Summary
The U.S. Senate confirmed Kevin Warsh as the new chair of the Federal Reserve. He will take over from Jerome Powell, whose term ends soon.Key Facts
- Kevin Warsh was confirmed by the Senate on Wednesday.
- He will become the next chair of the Federal Reserve.
- Jerome Powell is the current Federal Reserve chair.
- Powell’s term ends on Friday.
- The Federal Reserve is the U.S. central bank that sets monetary policy.
- The announcement was reported by CBS News.
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