Warsh will formally succeed Fed Chair Jerome Powell, whose eight-year tenure was marked by several economic crises and a heated clash with the White House to defend the US central bank’s political independence.

Warsh was confirmed in a 54-45 vote, mostly split along party lines, with only Democratic Sen. John Fetterman of Pennsylvania crossing the aisle to vote in favor of Warsh’s nomination. It was the most partisan vote for a Fed chair nominee in history.

  • bitteroldcoot@piefed.social
    link
    fedilink
    English
    arrow-up
    13
    ·
    5 days ago

    And after your debt is paid off, you will be free to live your life of ease… in a cardboard box in an alley way.

    On a serious note, once it gets started it is really hard to stop.