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⚡With a vote of 54 to 45, the U.S. Senate confirmed Kevin Wafsh as the next Chair of the Federal Reserve.
This unprecedented vote is the most politically divided in history, with only one Democrat voting in favor alongside the Republican majority.
It created a situation where three records were broken at the same time:
Approval votes fell to the lowest level in modern history
Opposition votes rose to the highest level in modern history
Bipartisan support was almost zero
It can be said that the Federal Reserve’s 120-year independence has completely collapsed!