The Senate confirmed Kevin Warsh to the Federal Reserve Board of Governors
Tuesday in a 51-45 vote for a 14-year term. A separate vote on his nomination to
succeed Jerome Powell as Fed chair is expected Wednesday. The confirmation
largely followed party lines, with Democrat John Fetterman joining Republicans
in support. Warsh’s confirmation comes amid Trump’s push for rate cuts, rising
inflation, and Democratic concerns over Fed independence. Warsh has pledged to
act independently if confirmed as chair.
