Senate confirms Kevin Warsh as Federal Reserve governor, with chair vote expected
Burns Brief
The US Senate voted largely along partisan lines to confirm Kevin Warsh as a member of the Fed's Board of Governors, despite many Democrats’ concerns about the central bank’s independence The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The US Senate voted largely along partisan lines to confirm Kevin Warsh as a member of the Fed's Board of Governors, despite many Democrats’ concerns about the central bank’s independence.
Key Takeaways
- The US Senate voted largely along partisan lines to confirm Kevin Warsh as a member of the Fed's Board of Governors, despite many Democrats’ concerns about the central bank’s independence