U.S. Senate votes to confirm Fed vice chair nominee Clarida

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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