Skip to content

Senate confirms Kevin Warsh to Fed Board, paving way for chair vote

financeMay 12, 202631487

The Senate confirmed Kevin Warsh to a 14-year term on the Federal Reserve Board of Governors, advancing President Trump's pick to lead the central bank. Senators invoked cloture in Senate Vote 115 on May 11, 2026, and Warsh's term will begin February 1, 2026. The confirmation clears the main hurdle to replacing Jerome Powell as Fed chair when Powell's term ends and could shift the Fed's leadership and monetary policy direction.

More Perfect Union
@moreperfectunion.bsky.social

BREAKING: The Senate has confirmed Kevin Warsh to join the Federal Reserve Board in a 51-45 vote. John Fetterman crossed the aisle to vote for him. Warsh has a net worth between $131 million and $209 million, which would make him the wealthiest Fed Chair ever.

2692h ago
3 sources