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Kevin Warsh Clears Senate Procedural Vote for Fed Chair, Confirmation Expected This Week

2026-05-11 23:33:33

According to reports on May 12, Kevin Warsh, President Trump's nominee for the next Federal Reserve chair, cleared a key procedural hurdle in the Senate on Monday. The Senate is expected to vote as early as Tuesday to confirm Warsh as a Fed governor with a 14-year term, followed by a separate confirmation process for his four-year term as Fed chair, with a vote potentially occurring by Wednesday. The Republican-controlled Senate is anticipated to approve Warsh's appointment. Fed Chair Jerome Powell's term ends this Friday, May 16. The Fed's next meeting is scheduled for June 16-17.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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