Senate confirms Kevin Warsh as next Federal Reserve chair
The Facts
- The U.S. Senate confirmed Kevin Warsh as the next chair of the Federal Reserve on a 54-45 vote.
- Warsh was nominated by President Donald Trump and will replace Jerome Powell as Fed chair when Powell’s term ends this week.
- The vote was largely along party lines, with Pennsylvania Democrat John Fetterman the only Democrat to back Warsh.
- Before being confirmed as chair, Warsh was also approved by the Senate for a 14-year term on the Federal Reserve Board of Governors.
- Warsh is a former Federal Reserve governor who previously served on the board from 2006 to 2011.
- Warsh takes over as the Fed faces elevated inflation and pressure from Trump to lower interest rates.
- His confirmation has drawn attention to questions about the Federal Reserve’s political independence because Trump has repeatedly criticized Powell and pushed for lower rates.
- One unresolved issue is how Warsh will lead a central bank whose rate-setting committee may not immediately support cuts, while Powell is expected to remain on the Fed board after his chair term ends.
How left and right are reading this
- Both agree
- The Federal Reserve’s credibility depends on showing that interest-rate decisions under Kevin Warsh are driven by the institution’s own judgment, not by pressure from President Trump, especially with inflation still elevated and internal support for cuts uncertain.
- They split on
- Less a disagreement than a question of emphasis: public trust in the Fed’s political independence as Warsh takes over, versus the practical challenge of maintaining disciplined decision-making inside a committee that may not quickly back rate cuts.
Analytical frames for this storyTap to explore
Context
When does Warsh take over from Jerome Powell?
Warsh is set to succeed Powell when Powell’s term as Fed chair ends this week; multiple reports say Powell’s term ends Friday, with Warsh taking over immediately afterward NYT,BBC,Hindustan Times.
Why does the Fed chair appointment matter beyond Washington?
The Federal Reserve’s leadership matters because the central bank’s decisions influence interest rates, borrowing costs, inflation and employment across the U.S. economy, affecting households, businesses and financial markets USA Today,Fox News.
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Wire services (11)
Independent coverage (50)
Le Monde.frVIDEO " La marionnette du président ", qui est Kevin Warsh, ...
En Son HaberYeni Fed Başkanı Kevin Warsh kimdir? Trump'ın seçim nedeni.....
Aol2 Ways Jerome Powell's Successor, Kevin Warsh, Intends to Al...
HaberlerKripto sektörüne yakın isim Kevin Warsh Fed'in başına geçti
HaberlerABD Senatosu, Fed başkanlığı için Kevin Warsh'u onayladı
Le Figaro.frAprès des mois de bras de fer avec Donald Trump, Jerome Powe...
mintKevin Warsh confirmed by Senate as 17th Federal Reserve chai...
BFMTVKevin Warsh prône une communication plus opaque et a déjà pr...
EL PAÍSKevin Warsh impondrá un cambio de régimen tras ser nombrado ...
Yahoo!Senado de EE.UU. confirma a Kevin Warsh como presidente de l...
TerraSenado dos EUA aprova Kevin Warsh como chair do Federal Rese...
Hindustan TimesKevin Warsh vs Jerome Powell net worth: Who is richer? Outgo...
Investing.comSilver Prices Historically Performed Well During Fed Policy ...
Yahoo!Quién es Kevin Warsh, el millonario conservador elegido como...
20minutesConfirmé à la tête de la Fed, Kevin Warsh a de nombreux défi...
mintWho is Kevin Warsh? Everything to know about the next US Fed...
La NacionEl Senado confirma a Kevin Warsh, elegido por Trump, como pr...
The Indian ExpressTrump ally Kevin Warsh clinches Senate approval to be Federa...
Spiegel OnlineKevin Warsh: US-Senat bestätigt Trumps Kandidaten als Fed-Ch...
Ouest FranceLe Sénat américain valide l'arrivée de Kevin Warsh à la tête...
Sözcü GazetesiFed Başkanı Trump'ın adayı Kevin Warsh oldu - Sözcü Gazetesi
mintKevin Warsh wins in 54-45 Senate vote to replace Jerome Powe...
kp.ruBloomberg: Кевин Уорш утвержден на пост главы Федеральной ре...
BBCTrump Fed chair pick Kevin Warsh confirmed by Senate
infobaeEl Senado de Estados Unidos aprobó a Kevin Warsh como nuevo ...
CBC NewsU.S. Senate votes to approves Trump's pick for Federal Reser...
N-tvDürfte Trump-Wünsche enttäuschen: Senat macht Weg für Warsh ...
ANSA.itIl Senato Usa conferma la nomina, si apre l'era di Warsh all...
tagesschau.deSenat bestätigt Trumps Wunschkandidat Warsh als neuen Fed-Ch...
Hindustan TimesWith Kevin Warsh confirmed, official Fed takeover date revea...
The Wall Street JournalWarsh Confirmed as Fed Chair in Party-Line Vote
Hindustan TimesWarsh confirmed as Fed chair as central bank faces Trump ass...
DIE WELTUS-Senat bestätigt Trump-Kandidaten Warsh als neuen Fed-Chef...
EL MUNDOEl Senado ratifica a Kevin Warsh como presidente de la Reser...
AolHow much sway will new Fed Chair Kevin Warsh have over inter...
ClarinEstados Unidos: nominado por Donald Trump, el Senado nombró ...
Le Figaro.frLe Sénat américain valide la nomination de Kevin Warsh à la ...
ForbesSenate Confirms Kevin Warsh As Fed Chair
Le Monde.frUS Senate confirms Trump nominee Kevin Warsh as Federal Rese...
TerraSenado dos EUA aprova Kevin arshW como chair do Federal Rese...
Yahoo! FinanceKevin Warsh confirmed to be the next Fed chair in Senate vot...
El CronistaEl Senado de EE.UU. confirmó a Kevin Warsh como sucesor de J...
NDTVUS Senate Confirms Trump Nominee Kevin Warsh As Federal Rese...
POLITICOKevin Warsh confirmed as Fed chair, ushering in new era for ...
CBS NewsHow much sway will new Fed Chair Kevin Warsh really have ove...
LaVanguardiaEl Senado aprueba al candidato de Trump, Kevin Warsh, como n...
HaberlerABD Senatosu Trump'ın Fed başkanlığına aday gösterdiği Kevin...
DIE WELTKevin Warsh: US-Senat bestätigt nach Monaten Trump-Kandidate...
BildMächtigster Notenbank-Chef der Welt: Trump-Kandidat Warsh wi...
newsORF.atUS-Senat bestätigt Warsh als neuen Fed-Chef
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