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.
78 Articles
78 Articles
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.
The Epoch Times
Zero HedgeKevin Warsh Cleared by Senate for 14‑Year Fed Board Seat
Kevin Warsh will be returning to the Federal Reserve Board of Governors. The U.S. Senate voted 51–45 to approve Warsh’s nomination to a 14-year term on the central bank’s board on May 12, joining six other members. Four senators did not file a vote. Sen. John Fetterman (D-Pa.) crossed party lines to support President Donald Trump’s nominee. Warsh’s tenure as Fed governor will run until 2040. He previously served on the board from 2006 to 2011, w…
Washington DC.- The U.S. Senate confirmed this Tuesday to Kevin Warsh for a 14-year term as governor of the Federal Reserve, which is an important step towards his succession from Jerome Powell as the next president of the U.S. central bank. The vote was 51-45, with a single Democrat, John Fetterman of Pennsylvania, who cast his vote with the Republican majority. The U.S. Senate began the process of confirming Warsh’s simultaneous four-year term…
After his confirmation as Fed Governor by the Senate, Kevin Warsh will also be appointed new head of the central bank on Wednesday. He has already announced a change of course
Coverage Details
Bias Distribution
- 51% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
