US Senate confirms Trump nominee Kevin Warsh as Federal Reserve chair
In a 54-45 vote on Wednesday, the U.S. Senate confirmed Kevin Warsh as the next Chair of the Federal Reserve. Warsh takes the helm at a critical juncture, inheriting a central bank grappling with three-year high inflation and intensifying political pressure from the White House regarding its institutional independence.
- Economy
- Reuters
- Published Date: 11:01 | 13 May 2026
The US Senate on Wednesday confirmed Kevin Warsh as chair of the Federal Reserve for a four-year term, with President Donald Trump's nominee inheriting a central bank with its independence under attack and inflation running at a three-year high.
The Senate voted 54 to 45 to confirm Warsh, who like Trump has advocated for lower interest rates. He will replace outgoing chair Jerome Powell, a frequent target of the president's insults and criticism.