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SENATE PANEL WILL VOTE ON WEDNESDAY ON ADVANCING FED CHAIR WARSH'S NOMINATION

  • NEWS Desk Global
  • 6 days ago
  • 1 min read

The Senate Banking Committee is expected on Wednesday to advance ​Kevin Warsh's nomination as Federal Reserve ‌Chair to the full Senate, with a vote now set for 10 a.m. ​EDT (1400 GMT).

The timing - which comes ​as Fed policymakers will be nearing ⁠the end of their two-day ​policy-setting meeting under current chair Jerome ​Powell -- increases the chances that Warsh will be in place by the time Powell's ​leadership term ends on May ​15, and to run the Fed's next meeting, ‌in ⁠June.

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