Trump Has Warsh Right Where He Wants Him

Though by the slimmest margin in the history of such confirmations, Donald Trump finally has Kevin Warsh right where he wants him. The US Senate voted in favor of his Fed Chair nomination by a 54-45 margin, setting up a controversial transition following the president’s unprecedented threats against the central bank’s independence.

With only one Democrat—John Fetterman of Pennsylvania—crossing party lines, the vote reflected fears that Warsh will bend to Trump’s repeated demands for lower rates to help boost the economy, and thus the political prospects of Republicans.