US Senate confirms Trump-nominee Warsh to Federal Reserve board

The Senate voted 51-45 to confirm Warsh's appointment to the board for a 14-year term, with the results largely along party lines. The Senate will hold a separate vote to confirm Warsh as the central bank's chair, taking over from incumbent Jerome Powell, whose term finishes at the end of this week. US President Donald Trump has frequently insulted and criticized Powell, demanding the central bank lower interest rates faster, despite significant economic headwinds. US consumer inflation came in...