Senate panel advances Kevin Warsh’s nomination for US Fed chair

US President Donald Trump's nominee, Kevin Warsh, has been approved by the Senate Banking Committee. The committee voted along party lines, with 13 Republicans voting in favour and 11 Democrats voting against. Warsh's nomination now advances to the full Senate for a vote to confirm him as the head of the central bank. His path to the seat appears clearer after the Department of Justice dropped its investigation into current chair Jerome Powell.