Kevin Warsh Confirmed as Next Fed Chair After 54-45 Senate Vote
Kevin Warsh Confirmed as Next Fed Chair After Divisive 54-45 Senate Vote Kevin Warsh has been confirmed by the U.S. Senate as the next Chair of the Federal Reserve, marking one of the most politically divided leadership transitions in the central bank’s modern history. The confirmation vote passed by 54 to 45 , clearing the way for Warsh to succeed Jerome Powell after Powell’s term as Fed Chair concluded in May 2026. While several market-focused reports described Warsh as effectively taking over the Fed, the Federal Reserve stated on May 15 that Powell would serve as chair pro tempore until Warsh is formally sworn in. This temporary arrangement was introduced to bridge the transition period between Powell’s completed chair term and Warsh’s official swearing-in. The leadership change comes at a sensitive moment for the U.S. economy, with inflation still above the Fed’s long-term target and financial markets closely watching how Warsh may shape the next phase of monetary policy. A ...