- Kevin Warsh was confirmed by the Senate as the Fed chair nominee with a 54-45 vote.
- His confirmation followed months of Donald Trump's attempts to pressure current Fed Chair Jerome Powell to leave his position.
- Senator Thom Tillis initially opposed Warsh's nomination due to a Justice Department investigation into Powell, which he urged Trump to end.
- The Justice Department announced it was dropping the case against Powell, leading Tillis to end his opposition and support for Warsh.
- Warsh denied that Trump asked him to commit to interest rate cuts, stressing the importance of the Federal Reserve's independence.
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