Kevin Warsh confirmed to US Federal Reserve board in close Senate vote

Kevin Warsh has been confirmed by the United States Senate to join the Federal Reserve's Board of Governors. The Senate vote passed 51-45, with a single Democrat voting with the Republican majority. Warsh's confirmation comes with questions about the central bank's independence amid pressure from the Trump administration to cut interest rates. He plans to tighten the Fed's coordination with the Treasury Department, a move that could be seen as a "regime change" at the Fed.