The United States Senate has confirmed former Wall Street banker Kevin Warsh as the new chair of the Federal Reserve’s Board of Governors, in a 54-45 vote.⁣ ⁣ Warsh’s swearing-in to both positions awaits final White House signatures on paperwork sent by the Senate. Jerome Powell's term as chair ends on Friday.⁣ ⁣ Warsh says he plans "regime change" at the Fed, including tightening its coordination with the Treasury Department and the Trump administration on non-monetary policies and setting it on course for a smaller balance sheet, which he argues should allow for a lower policy rate.⁣ ⁣ #KevinWarsh #DonaldTrump #InterestRates #FederalReserve