Kevin Warsh Confirmed to Fed Board; Senate Chair Vote Set for May 14
Summary
- Foreign media reported that the U.S. Senate confirmed Kevin Warsh’s appointment as a Federal Reserve governor by a 51-45 vote.
- The Senate has opened the confirmation process for Warsh to also serve as Fed chair for a four-year term, with a confirmation vote on the chairmanship possible as soon as May 14.
- Markets are focused on whether the next Fed chair will change, the potential for a shift in the monetary policy stance, and the future direction of interest-rate policy and strategy for responding to inflation as key variables.
Forecast Trend Report by Period
The U.S. Senate has formally confirmed Kevin Warsh to the Federal Reserve Board, bringing a potential leadership change at the central bank closer to reality.
According to foreign media reports on May 12, the Senate approved Warsh’s appointment as a Fed governor by a 51-45 vote.
Warsh’s term as a governor runs for 14 years. He is succeeding Stephen Miran, with the term beginning on Feb. 1, 2026.
The Senate has also opened the confirmation process for Warsh to serve a four-year term as Fed chair.
A cloture vote was held May 12, and a confirmation vote on the chairmanship could come as soon as May 14.
Current Fed Chair Jerome Powell’s term is scheduled to end on May 16.
Warsh previously served as a Fed governor and as a White House economic adviser.
Markets are focused on whether the Fed will get a new chair and whether the central bank’s monetary policy stance could shift. The direction of interest-rate policy and the strategy for responding to inflation are seen as key variables.
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