Kevin Warsh clears procedural hurdle, setting up confirmation for Federal Reserve chair ahead of Jerome Powell’s Friday departure.
The Senate moved Kevin Warsh closer to confirmation as Federal Reserve chair after a procedural vote on Monday. A final vote on his 14-year term as Fed governor is expected as early as Tuesday, with a separate vote for his four-year chair term likely Wednesday.
Warsh, nominated by President Trump, would succeed Jerome Powell, whose term ends Friday. The timeline accelerates the transition as markets await clarity on the Fed’s leadership and policy direction.
No immediate market reaction was reported following the procedural vote, though confirmation could influence expectations for monetary policy.