The Senate voted 54 to 45 in favour of Mr Warsh. Read more at straitstimes.com. Read more at straitstimes.com.

The upper chamber voted to approve Warsh's nomination by a 51-45 vote, on a mostly party-line basis.

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.