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🇺🇸Kevin Warsh advances toward the Federal Reserve Chair position
The U.S. Senate supported ending debates on Kevin Warsh's candidacy for the Federal Reserve Chair position.
Warsh emphasized that he did not promise to cut rates for Trump and intends to maintain the Fed's independence. However, Democrats are concerned about the potential increase in White House influence over the regulator.
The term of the current Fed Chair Jerome Powell expires on May 15, and Warsh's final confirmation is expected this week.
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