Trump Fed pick Kevin Warsh clears key Senate hurdle, teeing up final vote

the senate banking committee voted 13-11 along party lines wednesday to advance kevin warsh's nomination to lead the fed. all republicans voted yes, all democrats no. a final confirmation vote in the full senate is next. elizabeth warren called warsh's confirmation part of trump's "illegal attempt to seize control of the fed" and warned of "stagflation" — inflation up, job creation down. the vote came hours before the fed's latest rate decision, likely the last under jerome powell. warsh's path cleared after the doj dropped its criminal investigation into powell, which had been led by us attorney jeanine pirro. senator thom tillis had vowed to block warsh unless the probe ended. two days after pirro said she'd appeal a judge blocking grand jury subpoenas, she announced the doj would drop the case. tillis then dropped his opposition.