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Senate Confirms Warsh as Federal Reserve Governor

Senate Confirms Warsh as Federal Reserve Governor

The Senate confirmed Warsh as a governor of the Federal Reserve Board this week, filling a vacancy on the central bank's policymaking panel. No details on the vote count or debate were released.

What the role entails

As a Fed governor, Warsh will vote on interest-rate decisions and help oversee the nation's banking system. The board currently has several vacant seats, though the exact number was not disclosed.

Immediate next steps

Warsh is expected to be sworn in shortly and attend the next scheduled Federal Open Market Committee meeting. No further announcements from the Fed have been made.