White House: Warsh confirmed as Federal Reserve Chair
2026-05-14 01:55
Odaily Odaily reports that the White House has stated Kevin Warsh has been confirmed as the new Federal Reserve Chair.
On May 13 local time, the U.S. Senate approved Warsh to serve as Federal Reserve Chair by a vote of 54 to 45. Previously, the Senate had approved him to serve as a Federal Reserve Governor on May 12, with a 14-year term.
With the chair appointment approved, Warsh will officially assume his duties after completing the relevant White House signing procedures, succeeding current Chair Powell, whose term ends on May 15. Reports indicate that Powell is expected to remain as a Federal Reserve Governor.
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