Senate confirms Kevin Warsh as Fed governor, paving the way for chair confirmation vote

• Senate confirmed Kevin Warsh as a Fed governor.
• This confirmation is the first step towards his potential appointment as Fed chair.
• A second vote to advance his nomination for Fed chair is in progress.
• The final vote for Fed chair is anticipated late Wednesday or Thursday morning.
• Republicans are supporting Warsh, with Senator John Fetterman being the only Democrat to vote for him last time.

The Senate has confirmed Kevin Warsh as a Federal Reserve governor, marking a significant step towards his potential confirmation as Fed chair. A second vote to advance his nomination for chair is currently underway, with the final confirmation vote expected either late Wednesday or Thursday morning. Republicans are largely backing Warsh, though some concerns about his record and Fed independence have been noted.