Only one Democrat voted to confirm Kevin Warsh—John Fetterman of Pennsylvania. The 54-45 vote on Wednesday was the slimmest confirmation margin ever for the head of the central bank, reflecting the polarized politics in Congress. It also shows that Democrats fear that Warsh will bend to President Donald Trump’s demands to rapidly lower interest rates.
Lowering rates would make Trump look good and improve the economy.
Read Full Article: https://www.independentsentinel.com/trump-gets-kevin-warsh-but-powell-wont-leave-the-board/
