Warsh will formally succeed Fed Chair Jerome Powell, whose eight-year tenure was marked by several economic crises and a heated clash with the White House to defend the US central bank’s political independence.

Warsh was confirmed in a 54-45 vote, mostly split along party lines, with only Democratic Sen. John Fetterman of Pennsylvania crossing the aisle to vote in favor of Warsh’s nomination. It was the most partisan vote for a Fed chair nominee in history.

    • Jhex@lemmy.world
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      17 days ago

      that was just the excuse given… democrats always cave, turn, hide, betray to keep the wheel turning

      • YoureHotCupCake@lemmy.world
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        16 days ago

        There is always a rotating villain in the Democratic party so they can always say they tried but so and so got in the way and thus they can’t fight back. Strange how this only happens to the dems though /s.