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 […]

Kevin Warsh won Senate confirmation to the Fed board, clearing a key step toward replacing Jerome Powell as Fed chair.

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