Kevin Warsh Confirmed As Federal Reserve Chair In 54-45 Senate Vote

Kevin Warsh is officially headed to the top of the Federal Reserve — and straight into an inflation fight.

The Senate voted 54-45 Wednesday to confirm President Trump’s pick as the next Fed chairman, with Sen. John Fetterman, D-Pa., the only Democrat to join Republicans in backing him.

The vote hands Trump a major win after years of public clashes with outgoing Fed Chair Jerome Powell, who resisted the president’s pressure campaign for lower interest rates.

Warsh was also confirmed Tuesday to a 14-year term on the Fed Board of Governors in a separate 51-45 vote, giving him both the chairmanship and a long runway inside the central bank.

This story is developing…

BREAKING: Senate confirms Kevin Warsh as Federal Reserve Chair in a 54–45 vote.

Warsh replaces Jerome Powell, who will stay on the board as a Fed governor, despite repeated criticism from President Trump, who has been pushing the Fed to cut rates and accused Powell of making… pic.twitter.com/Wpxz3uV192

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