Senate confirms Kevin Warsh as Fed chair as Trump presses for lower rates

Washington — The Senate on Wednesday voted to confirm Kevin Warsh as chairman of the Federal Reserve, marking a victory for President Trump, who has clashed with outgoing Fed chief Jerome Powell repeatedly and urged the central bank to slash interest rates . The vote was 54-45, with Democratic Sen. John Fetterman of Pennsylvania joining all Republicans in support of Warsh's confirmation. Warsh's four-year term as Fed chair will begin Friday. …