Senate Banking Chair Says Warsh Could Be Fed Chair in ‘Next Few Weeks’

The Federal Reserve may be a few steps closer to getting a new chair, as the Senate Banking Committee plans to hold a confirmation hearing for Kevin Warsh next week. Sen. Tim Scott, R-South Carolina, who chairs the committee, said Warsh is likely to assume the role “in the next few weeks.” Scott’s comments come even as his colleague on the committee, Sen. Thom Tillis, R-North Carolina…