Senate confirms Kevin Warsh as Fed governor, clearing path to become chair

Washington — The Senate confirmed Kevin Warsh to the Federal Reserve's Board of Governors on Tuesday, a crucial step in President Trump's push to make Warsh the central bank's leader after months of uncertainty due to a criminal probe of outgoing chief Jerome Powell. The chamber voted 51-45 to confirm Warsh to a 14-year term as one of the Fed's seven governors. …