US Senate approves Warsh, Trump’s pick to replace Powell as Fed chair

By: Ashley Murray

Outlets: DC Bureau (States Newsroom)

Published: May 13, 2026

Words: 426

Last Updated: 1 month, 2 weeks ago

Body Text Preview

WASHINGTON — Kevin Warsh will officially take the lead at the Federal Reserve after U.S. senators voted Wednesday to confirm the economist and former central bank governor to replace Chair Jerome Powell.

Senators approved Warsh 54-45 nearly along party lines. Democratic Sen. John Fetterman, D-Pa., broke ranks with his party to join Republicans in support of Warsh's nomination. Sen. Kirsten Gillibrand, D-N.Y., did not vote.

Warsh, of Florida, takes the helm after President Donald Trump spent …

Create a free account to access this story and more

Join Plucky Wire to access full stories, collaborate with newsrooms, and discover content from networks around the world.

About

FAQ

Email Us