Kevin Warsh promised to remake the central bank. His first challenge: inflation that will make the president's demand for interest rate cuts impossible to meet.

The Senate voted Tuesday to confirm Kevin Warsh as a member of the Federal Reserve Board of Governors, one step away from the position of Fed chair.

The US Senate on Wednesday confirmed economist Kevin Warsh as the 17th chair of the Federal Reserve in a 54-45 vote, in a transition that hands control of the world's most…