On April 29th, the nomination of Kevin Warsh as Federal Reserve Chair will undergo a full Senate vote.

Odaily Planet Daily News Last Sunday, following the Department of Justice's closure of its investigation into Powell, Republican Senator Thom Tillis dropped his opposition to the confirmation process for Kevin Warsh's nomination as Federal Reserve Chair. The Senate Banking Committee ultimately voted 13-11 in favor of submitting the nomination of Kevin Warsh as Federal Reserve Chair to the full Senate for a vote. According to the official website of the U.S. Senate Banking Committee, the vote is scheduled for April 29th at 10:00 AM Eastern Time.

On the same day, the Federal Open Market Committee will also announce its latest interest rate decision. Current Chair Jerome Powell will preside over the press conference following the meeting—his 63rd, and possibly last, during his eight-year tenure as head of the Federal Reserve. Powell's term as Fed Chair ends on May 15th, but his term as a Fed Governor runs until January 31, 2028. Whether Powell will also step down from the Fed's Board of Governors has become a focal point of market attention.