Senate votes more on Biden’s Fed nominees

The Senate advanced Monday night to consider President Bidens’ nominee for the Federal Reserve, beginning with a procedural vote that cleared the way for the governor to be confirmed. Lael Brainard later in the week as central bank deputy chairman.

The 54-40 figures given by Mrs Brainard will be confirmed with bipartisan support. Eight Republicans joined 46 senators who caucus with the Democrats to move her nomination forward. Four Fed nominees need to be confirmed, and it is unknown whether the two who would be new on the board would remain in place ahead of next week’s interest rate fixing meeting.

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