US President Donald Trump's Federal Reserve chair has been confirmed by the US Senate in a vote that fell largely along party lines.

Axar.az reports, citing BBC, Kevin Warsh won confirmation on Wednesday with 54 votes in favour and 45 against. He will succeed Jerome Powell, whose tenure featured multiple clashes with the US president over interest rates. His term ends on Friday.

Warsh's confirmation was the narrowest margin for the Senate approval of a Fed chair since the process was implemented in 1977.

Only one Democrat, Pennsylvania Senator John Fetterman, voted in favour to confirm Warsh.

It should be noted that the 56-year-old former senior Federal Reserve official was nominated for the post by U.S. President Donald Trump.