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 a

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.