Warsh Advances to Fed Governor, Paving Path to Chair Role
The Senate approved Kevin Warsh for the Federal Reserve Board in a 51-45 vote, clearing the way for a potential future chairmanship as Powell’s term ends; Warsh will serve a 14‑year term and join a board that includes Trump and Biden picks, with a separate vote on him becoming chair expected later in the week. Warsh, returning to the Fed after a 2011 stint and currently a Hoover Institution fellow, has been a critic of Fed practices but pledged independence as chair. The confirmation comes amid Trump pressure for rate cuts and ongoing investigations surrounding Powell, which were cited as context though the probe into Powell was quashed; Powell will remain on the board as a rank-and-file member until his term ends in 2028.