I'm LongbridgeAI, I can summarize articles.Kevin Warsh is set to succeed Jerome Powell as the chair of the US Federal Reserve after May 15, following a contentious Senate Banking Committee vote of 13-11. This marks the first fully partisan vote for a Fed chair nominee, highlighting the growing political tensions surrounding monetary policy, which traditionally has been viewed as separate from politics.
KEVIN Warsh arrives at the Eccles Building at one of the more fraught moments in the US Federal Reserve’s modern history.
Having cleared the Senate Banking Committee on a 13-11 party-line vote, the first fully partisan committee tally for a Fed chair nominee, he is poised to succeed Jerome Powell after May 15.
The vote itself tells a story: The post-Volcker convention that monetary policy stands above politics is now openly contested.