Kevin Warsh confirmed as next Fed chair — replacing Trump foe Jerome Powell — by US Senate as inflation mounts

Kevin Warsh was confirmed as the next Federal Reserve chairman on Wednesday — even as surging inflation has begun to box the central bank into one of its toughest corners in years. The Senate on Wednesday voted 54-45 to elevate President Trump’s pick to Fed chairman, with Sen. John Fetterman (D-Pa.) the only Democrat to cast a vote in his favor. A day earlier, lawmakers approved Warsh to a 14-year term on the Fed’s Board of Governors in a narrow 51-45 vote. Warsh is expected to replace outgoing Chair Jerome Powell by the end of the week — inheriting an...