Senior Republican clears path for Kevin Warsh’s confirmation as Fed chair
Thom Tillis had vowed to block nomination until the justice department dropped a criminal probe into Jay Powell
Thom Tillis had vowed to block nomination until the justice department dropped a criminal probe into Jay Powell

Vote brings to an end one of the most fraught processes of selecting a central bank chief in decades

The outgoing North Carolina senator is refusing to back down in fight over president’s probe into Jerome Powell

Breakthrough removes potential hurdle to Kevin Warsh’s confirmation as next US central bank chief

US Senate widely expected to confirm the 56-year-old financier to replace Jay Powell this week

Sluggish process could leave Jay Powell at helm of central bank despite US president’s push for policy reset

Banking panel votes in favour of Donald Trump’s candidate to lead US central bank