Kevin Warsh’s confirmation sets the stage for a vote on his Fed chair nomination before the May 15 deadline.
The Senate confirmed Kevin Warsh as a Federal Reserve Governor, positioning him for a potential vote to replace current Fed Chair Jerome Powell. The nomination for chair must occur before May 15, with a vote expected as early as tomorrow or Thursday.
Powell’s term as chair ends soon, but his tenure as a Board member extends until January 31, 2028. He has stated he will remain on the board until investigations by the Trump administration conclude.
The confirmation marks a key step in the Fed’s leadership transition, though no immediate market reaction was reported.