Senate confirms Kevin Warsh to Federal Reserve Board ahead of chair vote

May 13, 2026, 6:05:55 PM UTC(3 hours ago)

Impact: Medium

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The U.S. Senate confirmed Kevin Warsh to a 14-year term as a Federal Reserve governor on May 12, 2026, in a narrow 51-45 vote.
A final secondary vote to confirm Warsh as the Federal Reserve Chair is scheduled for Wednesday afternoon, May 13, 2026.
Warsh has proposed a regime change at the Fed, including tighter coordination with the Treasury Department and a reduction of the central bank's balance sheet.
Outgoing Chair Jerome Powell is expected to remain on the Board of Governors after his leadership term ends on May 15, 2026.
Market prediction platforms showed a 99 percent confidence level in Warsh's confirmation as chair prior to the final vote.

SENATE NOW VOTING TO CONFIRM KEVIN WARSH AS FED CHAIR