Senate committee set to vote on Kevin Warsh's nomination for Fed chair

The Senate Banking Committee is set to vote Wednesday morning on whether to advance the nomination of Kevin Warsh, President Trump's pick to lead the Federal Reserve, after Jerome Powell steps down as chair next month. To move forward, Warsh needs a majority of committee members to approve his nomination. The vote is scheduled for 10 a.m. ET. If approved, the nomination goes to the Senate floor, where a simple majority is required to make Warsh the 17th chair of the Fed since 1913. …