Kevin Warsh was confirmed as the next Federal Reserve chairman on Wednesday — even as surging inflation has begun to box the central bank into one of its toughest corners in years.
The Senate on Wednesday voted 54-45 to elevate President Trump’s pick to Fed chairman, with Sen. John Fetterman (D-Pa.) the only Democrat to cast a vote in his favor. A day earlier, lawmakers approved Warsh to a 14-year term on the Fed’s Board of Governors in a narrow 51-45 vote.
Warsh is expected to replace outgoing Chair Jerome Powell by the end of the week — inheriting an economy where inflation is heating up again even as President Trump pushes for lower borrowing costs.
Read more at https://nypost.com/2026/05/13/business/kevin-warsh-confirmed-as-next-fed-chairman-by-us-senate/
#senate #powell
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