Kevin Warsh wins Senate confirmation as the next Federal Reserve chair
Warsh won confirmation as the 17th Fed chair in a 54-45 vote as inflation climbed to 3.8%, complicating Trump’s push for lower rates.
- On Wednesday, May 13, 2026, the U.S. Senate confirmed Kevin Warsh as the next Chairman of the Federal Reserve, a move that signals a potential "regime change" for American monetary policy under the Trump administration.
- The Senate voted 54-45 to install Warsh as chair. The confirmation was largely partisan, with all Republicans present voting in favor and Senator John Fetterman serving as the lone Democrat to cross party lines to support the nomination.
- Warsh’s elevation was finalized through two separate votes. On Tuesday, he was confirmed to a full 14-year term on the Fed’s Board of Governors. Wednesday's vote specifically appointed him to the four-year term as Chairman.
- Warsh will officially take the gavel on May 14, 2026, when Jerome Powell’s term as chair expires. However, in a break with 75 years of precedent, Powell has announced he will remain on the Board of Governors as a regular member until at least 2028 to oversee the conclusion of a DOJ investigation into Fed headquarters renovations.
- Known historically as an "inflation hawk," Warsh recently signaled an openness to the President's calls for lower interest rates and a reduction of the Fed's "bloated" balance sheet. He begins his term as inflation sits at 3.8% and amid intense pressure from the White House to spur economic activity.
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Kevin Warsh has spent the last decade longing for the presidency of the Federal Reserve. A goal he has just achieved after the confirmation of the Senate, thanks to the majority of Republicans. Relive Jerome Powell, a recurring target of attacks (legal and verbal) by Trump and whose term officially ends on Friday. Warsh, a millionaire with determined life, is set to fulfill his dream at a decisive moment for the Central Bank of the United States.
US: Kevin Warsh Confirmed as Federal Reserve Chair
Get latest articles and stories on World at LatestLY. The Senate on Wednesday (local time) confirmed Kevin Warsh to serve as the 17th chair of the Federal Reserve, as he succeeds Jerome Powell. World News | US: Kevin Warsh Confirmed as Federal Reserve Chair.
US Senate confirms Kevin Warsh as next Fed chair
The US Senate on Wednesday confirmed Kevin Warsh as the next chair of the Board of Governors of the Federal Reserve System in a vote of 54-45, placing the 56-year-old financier at the helm of the US central bank as it navigates a complex landscape of surging inflation and geopolitical volatility.
Kevin Warsh Confirmed as Fed Chair: The 5 Things That Could Decide How Bitcoin Reacts
The post Kevin Warsh Confirmed as Fed Chair: The 5 Things That Could Decide How Bitcoin Reacts appeared first on 24/7 Wall St.. Quick Read The Senate confirmed Kevin Warsh as Fed Chair in a 54-45 vote, the closest in modern history, and he takes over from Jerome Powell on Friday May 15 with his first FOMC meeting scheduled for June 16-17—where markets are pricing 97% odds of no rate cut despite Trump’s demands for easing. Warsh’s signature “Q…
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