Crypto-friendly Kevin Warsh advances toward Fed chair as Senate panel approves nomination

Kevin Warsh is one step closer to leading the Federal Reserve after the Senate Banking Committee approved his nomination in a narrow 13-11 vote on Wednesday.

The full Senate is expected to take up the matter in the coming days, as lawmakers race to install a new Fed chair before Jerome Powell’s term expires in mid-May.

This is a developing story. Please check back for further updates.

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