White House: Warsh Confirmed as Federal Reserve Chair
2026-05-14 01:55
Odaily Planet Daily News The White House has announced that Kevin Warsh has been confirmed as the new Chair of the Federal Reserve.
On May 13, local time, the U.S. Senate approved Warsh to serve as the Fed Chair with a vote of 54 in favor and 45 against. Previously, the Senate had approved his appointment as a Fed Governor for a 14-year term on May 12.
With the approval of the chairmanship, Warsh will officially assume the role after completing the necessary signing procedures at the White House, succeeding current Chair Powell, whose term ends on May 15. Reports indicate that Powell is expected to remain on the Fed's Board of Governors.
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