Warsh on Wednesday was confirmed by the Senate to formally succeed Federal Reserve Chair Jerome Powell, whose term ends May 15. President Donald Trump nominated Warsh to the powerful post in late January.

Pick of former Fed governor to replace Jerome Powell comes as White House seeks to tighten grip on central bank

Warsh on Wednesday was confirmed by the Senate to formally succeed Federal Reserve Chair Jerome Powell, whose term ends May 15. President Donald Trump nominated Warsh to the…