Kevin Warsh testifies during his nomination hearing to be a member and chairman of the Federal Reserve Board of Governors before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill,

Kevin Warsh, the nominee for chairman of the Federal Reserve, was confirmed Tuesday for a 14-year term on the board and moved a step closer to a four-year term as chairman after a procedural vote. The Senate voted 51-45 to put Warsh on the board and by the same margin to limit debate on his nomination to be

His nomination to be the central bank’s leader for a four-year term requires a separate Senate vote, which is expected as soon as Wednesday.

The U.S. Senate on Tuesday ⁠confirmed ⁠Kevin Warsh to a 14-year ⁠term as Federal Reserve governor, marking an important step toward his succeeding ​Jerome Powell as the U.S. central bank's next leader.

The Senate narrowly confirmed Kevin Warsh as chair of the Federal Reserve, setting up the most controversial leadership transition at the US central bank in decades and a test of its political independence.

The Senate on Wednesday confirmed Kevin Warsh as the next chair of the Federal Reserve. The vote installs new leadership at the world’s most influential central bank at a moment of heightened economic uncertainty.

The Senate confirmed President Donald Trump's Fed chair nominee Kevin Warsh for a new term on the Fed's Board of Governors.

The U.S. Senate is expected to confirm Kevin Warsh ⁠as ⁠chair of the Federal Reserve on Wednesday, putting the ⁠56-year-old lawyer and financier at the helm as the U.S. central bank grapples with intensifying inflation that may make it hard ​to push through the interest-rate cuts that President Donald Trump has demanded.