US Senate panel approves Warsh as new Fed chair, as Americans struggle with soaring costs

By: Ashley Murray

Outlets: DC Bureau (States Newsroom)

Published: April 29, 2026

Words: 997

Last Updated: 2 months ago

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WASHINGTON — President Donald Trump’s pick to lead the Federal Reserve was one step closer to the job Wednesday after North Carolina Republican U.S. Sen. Thom Tillis cast the deciding vote to advance Kevin Warsh’s nomination to the full Senate.

Lawmakers on the Senate Committee on Banking, Housing and Urban Affairs voted 13-11 along party lines to move Warsh to the next step.

The potential turnover at the top of the Fed, which sets monetary policy, comes …

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