Senate confirmed Kevin Warsh as a Fed governor

 Senate confirmed Kevin Warsh as a Fed governor, with chair vote to come. In a 51–45 vote mostly along party lines, Kevin Warsh, President Trump’s nominee to replace Jerome Powell as Federal Reserve chair, was approved by the Senate to sit on the Fed’s board of governors. That means he’s now cleared to receive a vote to become the Fed chair, which is expected today. If Warsh is named chair (which is all but guaranteed), he’ll assume the post this Friday, taking over for Powell. JPow isn’t going anywhere, however: His term as a governor doesn’t end until 2028, and he’s said he intends to stay put on the board until a federal investigation into his handling of the Fed building’s renovation ends.