Senate Confirms Kevin Warsh as Fed Governor, 51-45
Senate confirms Kevin Warsh as Federal Reserve governor in a 51-45 vote; a separate Senate confirmation is required before he can become Fed chair.
The U.S. Senate confirmed Kevin Warsh as a Federal Reserve governor in a 51-45 vote.
President Donald Trump nominated Warsh to lead the Fed. Senate approval as a governor is required before the Senate can hold a separate vote to confirm a Fed chair.
Prediction markets price Warsh’s confirmation as Fed chair by May 15 at about 99.9%. Markets also show Jerome Powell leaving the chair by May 31 at roughly 99.4% and by June 30 at about 99.6%.
Markets place minimal probability on an interest-rate cut before Warsh’s confirmation, according to current trading in related contracts.
Senators cast 51 votes in favor and 45 against. Senate leaders must schedule the separate chair confirmation vote; the timing will depend on any committee or floor actions and on public statements from the president and key senators.
Powell’s current term is scheduled to expire in May 2026. Warsh’s new status as a governor allows the Senate to proceed to the final confirmation vote for the Fed chair.
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