Kevin Warsh was confirmed by the United States Senate on Wednesday in a 54-45 vote. Senator John Fetterman of Pennsylvania joined his Republican colleagues despite growing concerns over the independence of the US central bank and rising inflation rates. The confirmation process came just two days before current chair Jerome Powell's term ends.
Warsh, who was previously selected by President Donald Trump to succeed Powell, received a 14-year term on the Federal Reserve Board of Governors in a separate 51-45 vote on Tuesday. His swearing-in for both positions awaits final White House signatures on paperwork sent by the Senate.
During his confirmation hearing before the Senate Banking Committee last month, Warsh faced criticism over issues related to independence at the US central bank. Powell's term as chair ends on Friday, and he will continue serving on the Federal Reserve Board as a governor despite stepping down from his chair position.
This confirmation comes amid ongoing debates about the future direction of monetary policy in the United States under President Biden’s administration.
This article was produced by AVALW News on Wednesday, May 13, 2026 based on reporting from 5 verified news sources. Our editorial process cross-references facts from multiple independent outlets to deliver accurate, comprehensive coverage. All original sources are linked below.