The US Senate has confirmed Kevin Warsh to a 14-year term on the Federal Reserve's board of governors. The confirmation, largely along party lines, positions Warsh as a key figure as the US economy faces high inflation.

The US Senate on Tuesday confirmed Kevin Warsh as a governor on the board of the Federal Reserve, clearing the way for him to take the reins of the central bank later this week as the world’s largest economy faces inflation at a three-year-high. The Senate voted 51-45 to confirm Warsh’s appointment to the board for a 14-year term, with the results largely along party lines. The Senate will hold a separate vote to confirm Warsh as the central bank’s chair, taking over from incumbent Jerome...