Kevin Warsh set to clear key Senate hurdle to replace Fed chair Powell

Kevin Warsh, ​Donald Trump’s pick to lead the Federal Reserve , is set to clear a key procedural hurdle on Wednesday, opening ‌the way for him to succeed Jerome Powell in coming weeks amid the White House’s unprecedented efforts to exert control over the world’s most powerful central bank. The Senate banking committee is set to vote at 10am EDT (1400 GMT) to advance Warsh’s nomination to the full Republican-controlled Senate. …