The U.S. Senate voted on Tuesday to confirm Richard Clarida as vice chair of the Federal Reserve, one of the most powerful positions at the central bank.
Clarida, a managing director at fund manager Pimco and an economics professor at Columbia University, was nominated by President Donald Trump in April. The Senate vote was 69-26. On a voice vote, the chamber also confirmed Clarida as a member of the Federal Reserve Board of Governors.
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