Fed chair nominee Kevin Warsh secures Senate committee approval

kevin warsh, trump's pick to lead the fed, got the senate banking committee's approval on tuesday. the vote was along party lines, 13-11. warsh now heads to a full senate vote for confirmation. he's been a fed governor before, serving from 2006 to 2011, and was a key architect of the early response to the 2008 financial crisis. if confirmed, he'll take over a central bank navigating inflation that's still above the 2% target and a labor market that's shown some signs of cooling.