Senate confirms Warsh to Fed Board, with Fed chair vote likely Wednesday
Warsh won approval 51-45 for a 14-year Fed board term as the Senate prepares a separate chair vote and markets watch for policy shifts.
- The Senate confirmed Kevin Warsh to a 14-year term as Federal Reserve governor on Tuesday, marking a key step toward his succession of Jerome Powell as the central bank's next leader.
- Lawmakers are expected to immediately begin the confirmation process for Warsh's concurrent four-year term as Fed chair, with a cloture vote initiating a countdown toward approval as soon as Wednesday.
- Powell's term as chair ends Friday, but he plans to remain on the Board of Governors until he is confident that legal investigations targeting him are "well and truly over."
- Legal probes into a Fed headquarters renovation, which a judge ruled were intended to "harass" Powell, complicated the confirmation process earlier this year before The DOJ closed the investigation.
- Warsh described plans for "regime change" at the Fed, aiming to tighten coordination with the Treasury Department and reduce the central bank's balance sheet to allow for a lower policy rate.
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CointelegraphSenate Confirms Kevin Warsh as Fed Governor, with Chair Vote Expected
The US Senate has approved Kevin Warsh as the newest governor of the Federal Reserve, with a vote on his confirmation as chair of the central bank expected this week. In a 51 to 45 vote in the US Senate on Tuesday, lawmakers sided on party lines, with the exception of Democratic Senator John Fetterman, to approve President Donald Trump’s nominee. The chamber immediately followed by approving a motion to invoke cloture on a vote for Warsh as the …
BREAKING: Senate Confirms Kevin Warsh as Federal Reserve Governor, Clearing Way to Replace Powell
President Trump’s nominee to replace Jerome Powell as Federal Reserve Chair is now just one step away from being confirmed! The Senate has officially confirmed Kevin Warsh to the Federal Reserve’s Board of Governors, clearing the path for a final vote to confirm him as Federal Reserve Chair. Here are the details: NEW: Kevin Warsh...
Senate confirms Kevin Warsh to Fed Board ahead of chair vote | Honolulu Star-Advertiser
The U.S. Senate today confirmed Kevin Warsh to a 14-year term as Federal Reserve governor, marking an important step toward his succeeding Jerome Powell as the U.S. central bank’s next leader.
Kevin Warsh Cleared by Senate for 14‑Year Fed Board Seat - The Thinking Conservative News
The U.S. Senate voted 51–45 to approve Kevin Warsh’s nomination to a 14-year term on the central bank’s board on May 12, joining six other members. The post Kevin Warsh Cleared by Senate for 14‑Year Fed Board Seat appeared first on The Thinking Conservative News.
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