Walsh will officially assume his duties after completing the White House signing process, while Powell is expected to remain as a Federal Reserve Board member

Odaily Planet Daily News The U.S. Senate confirmed Walsh as Federal Reserve Chair by a vote of 54 to 45. The Senate had previously approved Walsh as a Federal Reserve Board member on the 12th for a 14-year term. With the approval of his chair appointment on the 13th, Walsh will officially assume his duties after completing the White House signing process, succeeding current Chair Powell, whose term ends this Friday (May 15). However, Powell is expected to remain as a Federal Reserve Board member. This vote was the most partisan in history, with only one Democrat—Pennsylvania Senator John Fetterman—joining the Republican majority in voting in favor. (Jin Shi)