White House: Warsh Confirmed as Federal Reserve Chair
2026-05-14 01:55
Odaily Planet Daily News The White House announced that 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 Fed Chair by a vote of 54 to 45. Previously, the Senate had approved his appointment as a Fed Governor on May 12, with a term of 14 years.
With the approval of the chairmanship, Warsh will officially assume the role 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 Fed Governor.
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