Senate Confirms Clarida as Fed Vice Chairman in 69-26 Vote

The Senate voted Tuesday to confirm Columbia University economist Richard Clarida to become Federal Reserve vice chairman, filling a top leadership position ahead of the central bank’s September policy meeting. President Donald Trump tapped Mr. Clarida in April to serve as No. 2 to Fed Chairman Jerome Powell, whom Mr. Trump nominated last year. The Senate confirmed Mr. Clarida to a four-year term as vice chairman in a 69-26 vote, with 23 Democrats joining 46 Republicans voting yes. Only one Republican, Sen. Rand Paul (R., Ky.), voted against the nomination.