Senate backs Kohn's Fed nomination

The Senate Banking Committee on Wednesday 14 June approved the nomination of U.S. Federal Reserve governor Donald Kohn to be vice chairman at the central bank, sending it to the full Senate for a final vote.

The panel approved the nomination on a voice vote, with only Republican Sen. Jim Bunning of Kentucky, a long-time Fed critic, in opposition.

In explaining his "no" vote, Bunning said Kohn had failed to establish an independent voice at the central bank, and expressed concern the nominee wou