Senate approves Kohn as Fed vice chairman

The U.S. Senate approved the nomination of Federal Reserve governor Donald Kohn on Monday 19 June, to be vice chairman at the US central bank.

The Senate vote clears Kohn to serve a four-year term as the No. 2 official at the Federal Reserve. His separate term as a member of the Fed's board runs through to January 2016.

Sen. Jim Bunning, a Kentucky Republican who is a member of Senate's banking and budget committees, announced his opposition to Kohn's confirmation saying, "I do not think he has

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