Senate confirms Kevin Warsh to lead Federal Reserve
Burns Brief
The US Senate voted largely along party lines to confirm Kevin Warsh to lead 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 party lines to confirm Kevin Warsh to lead the Fed’s Board of Governors, despite many Democrats’ concerns about the central bank’s independence.
Key Takeaways
- The US Senate voted largely along party lines to confirm Kevin Warsh to lead the Fed’s Board of Governors, despite many Democrats’ concerns about the central bank’s independence