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.
The Japan Times
Hindustan TimesWarsh confirmed as Fed chair as central bank faces Trump assault
The Senate voted 54 to 45 in favor of Warsh, with Republicans holding a slim majority and ensuring U.S. President Donald Trump's nominee to replace Jerome Powell was confirmed.
Warsh confirmed as new Federal Reserve chair
The U.S. Senate on Wednesday confirmed Kevin Warsh to lead the Federal Reserve. President Donald Trump had picked the former Fed governor to replace Jerome Powell, believing that Warsh can deliver the booming economy the president had promised voters. Warsh…
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