US EditionTrump Fed pick Kevin Warsh clears key Senate hurdle, teeing up final vote
The 13-11 party-line vote sends Warsh to the full Senate as Democrats warn he would advance Trump’s push for lower rates.
- On Wednesday, the Senate Banking Committee voted 13-11 along party lines to advance Kevin Warsh's nomination to Federal Reserve chair, sending his confirmation to the full Senate.
- Senator Thom Tillis dropped his opposition after the Department of Justice closed its criminal investigation into Fed Chair Jerome Powell last week, which Tillis called a 'serious threat to the Fed's independence.'
- During his confirmation hearing last week, Warsh vowed to remain 'strictly independent' while promising 'regime change' at the central bank, specifically targeting its $6.7 trillion balance sheet.
- Senate Democrats, including Elizabeth Warren, opposed the nomination, alleging Warsh would be a 'sock puppet' for President Donald Trump seeking to seize control of monetary policy.
- Confirmation in the full Senate could occur before May 15, 2026, when Powell's term as chair ends, potentially positioning Warsh to lead the central bank's June policy meeting.
47 Articles
47 Articles
US Senate panel approves Warsh as new Fed chair, as Americans struggle with soaring costs
Kevin Warsh, U.S. President Donald Trump's nominee for chair of the Federal Reserve, testifies during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, D.C. (Photo by Andrew Harnik/Getty Images)WASHINGTON — President Donald Trump’s pick to lead the Federal Reserve was one step closer to the job Wednesday after North Carolina Republican U.S. Sen.…
Kevin Warsh Steps Closer to Becoming Fed Chairman
The Senate Banking Committee voted on party lines Wednesday to approve Kevin Warsh as the next chair of the Federal Reserve to replace Jerome Powell, a long-time target of President Trump's insults for not cutting interest rates as far as the president wanted. The vote was 13-11, with all Republican...
Washington, Apr 29 (EFE).- The Senate Banking Committee approved on Wednesday the candidacy of Kevin Warsh – nominated by U.S. President Donald Trump – for the presidency of the Federal Reserve and gave the green light to a vote in the plenary of the Upper House where his confirmation is now taken for granted. Committee members, who, like the Senate is also controlled by Republicans, granted 13 votes in favor of Warsh by 11 against.
Tillis Greenlights Kevin Warsh’s Nomination, Accepting DOJ’s Assurances
Sen. Thom Tillis had vowed to block any nominee for Fed chair due to the administration's criminal probe into the current chair, Jerome Powell. Tom Williams/CQ Roll Call via APSen. Thom Tillis, casting the deciding vote to advance Kevin Warsh’s nomination to lead the Federal Reserve, said he’s “got confidence” the Justice Department investigation into Fed Chair Jerome Powell is over.The Senate Banking Committee voted along party lines on Wednesd…
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