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Trump Fed pick Kevin Warsh clears key Senate hurdle, teeing up final vote
The 13-11 party-line vote sends Warsh to the full Senate as Democrats warn he would advance Trump’s push for lower rates.
- On Wednesday, the Senate Banking Committee voted 13-11 along party lines to advance Kevin Warsh's nomination to Federal Reserve chair, sending his confirmation to the full Senate.
- Senator Thom Tillis dropped his opposition after the Department of Justice closed its criminal investigation into Fed Chair Jerome Powell last week, which Tillis called a 'serious threat to the Fed's independence.'
- During his confirmation hearing last week, Warsh vowed to remain 'strictly independent' while promising 'regime change' at the central bank, specifically targeting its $6.7 trillion balance sheet.
- Senate Democrats, including Elizabeth Warren, opposed the nomination, alleging Warsh would be a 'sock puppet' for President Donald Trump seeking to seize control of monetary policy.
- Confirmation in the full Senate could occur before May 15, 2026, when Powell's term as chair ends, potentially positioning Warsh to lead the central bank's June policy meeting.
119 Articles
119 Articles
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Senator John Fetterman (D-PA) had indicated that he will support President Donald Trump’s nominee Kevin Warsh to serve as the next chair of the Federal Reserve. While speaking with Semafor, Fetterman confirmed that he plans to vote to confirm Warsh when the nomination heads to a floor vote. The statement came after Senator Thom Tillis (R-NC) indicated that he would advance Warsh’s nomination out of the Senate Banking Committee, ending a weeks-lo…
US Senate panel approves Warsh as new Fed chair, as Americans struggle with soaring costs • Oklahoma Voice
Kevin Warsh, U.S. President Donald Trump's nominee for chair of the Federal Reserve, testifies during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, D.C. (Photo by Andrew Harnik/Getty Images)WASHINGTON — President Donald Trump’s pick to lead the Federal Reserve was one step closer to the job Wednesday after North Carolina Republican U.S. Sen.…
Trump's Fed pick clears a major hurdle
President Donald Trump's pick to replace Federal Reserve Chair Jerome Powell just got one step closer to confirmation. The White House can breathe a sigh of relief after the Senate Banking Committee advanced Kevin Warsh's nomination along party lines in a 13-11 vote on Wednesday. Warsh's nomination is now headed to the Senate floor, where he is expected to be confirmed in a simple majority vote. 'This is a necessary and appropriate measure.'Wars…
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