Senate confirms Kevin Warsh as Federal Reserve chairman
Senate approves Kevin Warsh as next Fed chair
Wednesday afternoon, the Senate approved Kevin Warsh to be the next chair of the Federal Reserve.
WASHINGTON - The Senate on Wednesday confirmed Kevin Warsh to head the Federal Reserve.
Warsh was nominated by President Donald Trump and was a former Fed official.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, is sworn in during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on April 21, 2026 in Washington, DC. (Photo by Chen Mengtong/China N
Dig deeper:
Warsh has been highly critical of the Fed’s recent track record, particularly the inflation spike in 2021-22, the worst in four decades, and has called for "regime change."
He has called for limiting the Fed’s communications, which would be a sharp shift after decades of increasing transparency. He has argued that some of its communications tools, such as quarterly forecasts of where its key rate may head, have made it harder for officials to switch gears.
Big picture view:
With the war in Iran having no end in sight, high gas prices and stubbornly high inflation, Warsh, 56, will be leading the world's most powerful central bank during tumultuous times.
Meanwhile, Jerome Powell will remain on the Fed's board after his term as chair ends, potentially creating a competing power center.
The Source: Information for this article was taken from The Associated Press. This story was reported from San Jose.