The Senate Banking Committee voted Wednesday to advance Kevin Warsh’s nomination to lead the Federal Reserve, just days after the Department of Justice (DOJ) said it was dropping its criminal probe into Fed Chair Jerome Powell. The panel voted 13-11 along party lines to send Warsh’s nomination to the full Senate, bringing him one step closer to taking the reins at the central bank. Warsh’s confirmation has remained in limbo for nearly two months, as…
Powell to stay on Federal Reserve board as policy makers hold rates steady
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