Kevin Warsh wins Senate confirmation as the next Federal Reserve chair
Warsh will face pressure from President Donald Trump for rate cuts as inflation remains above the Fed’s 2% target, officials said.
- 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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The confirmation of Kevin Warsh as the new head of the U.S. Federal Reserve has passed the Senate. Amidst conflicting concerns over inflation stemming from the prolonged war with Iran and pressure from U.S. President Donald Trump to cut interest rates, assessments suggest that the new Fed chairman faces a heavy test regarding the independence of monetary policy. According to reports from AP and major media outlets on the 13th (local time), the U…
After initial difficulties, the staff change at the head of the US Federal Reserve can take place as planned. However, even the new head will probably not be able to deliver what US President Donald Trump has taken in his head. According to the news agency Bloomberg, it was "the scarcest confirmation majority that ever existed for a US Central Bank Chief." The Senate confirmed the candidate Kevin Warsh on Wednesday with 54 to 45 votes for a four…
The new head of the US Central Bank, a wealthy lawyer and financier, assumes in the middle of a debate about whether interest rates should be lowered as the Republican president insists
The nomination of Donald Trump's candidate to succeed Jerome Powell as head of the US Federal Reserve was validated by the Senate on WednesdayThe US Senate confirmed on Wednesday the appointment of Donald Trump's candidate, Kevin Warsh, as head of the powerful US central bank (Fed). Kevin Warsh has more than just to take an oath before taking office for a four-year term. Read also: At the Fed's presidency, Kevin Warsh will not be able to impleme…
Senate confirms Trump pick Kevin Warsh as Federal Reserve chair
The US Senate on Wednesday confirmed Kevin Warsh – Trump's top pick – as the new Federal Reserve chair in the most partisan vote ever for the role. Warsh takes over as policymakers warn persistent price pressures could complicate President Donald Trump’s push for lower borrowing costs.
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