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𝗨𝗦 𝗦𝗲𝗻𝗮𝘁𝗲 𝗕𝗿𝗶𝗻𝗴 𝗞𝗲𝘃𝗶𝗻 𝗪𝗮𝗿𝘀𝗵 𝗖𝗹𝗼𝘀𝗲𝗿 𝘁𝗼 𝗧𝗵𝗲 𝗣𝗼𝘀𝘁 𝗼𝗳 𝗛𝗲𝗮𝗱 𝗼𝗳 𝗧𝗵𝗲 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗥𝗲𝘀𝗲𝗿𝘃𝗲
Senators voted to end the debate on his candidacy with a score of 49-44, paving the way for final approval this week.
Kevin Warsh previously served on the Federal Reserve Board of Governors from 2006 to 2011 and is considered a supporter of a more stringent policy in the fight against inflation.
During the hearings, he stated that he did not promise Donald Trump to lower the rate and pledged to maintain the independence of the Federal Reserve.
At the same time, Democrats fear an increase in the White House's influence on the Federal Reserve's monetary policy after his appointment.
P.S.
Jerome Powell's term as head of the Federal Reserve ends on May 15. However, his separate term as a member of the Federal Reserve Board of Governors lasts longer - until January 31, 2028.
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