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Kevin Warsh Clears Senate Procedural Vote for Fed Chair, Confirmation Expected This Week

GateNews

2026-05-11 23:33:33

According to reports on May 12, Kevin Warsh, President Trump’s nominee for the next Federal Reserve chair, cleared a key procedural hurdle in the Senate on Monday. The Senate is expected to vote as early as Tuesday to confirm Warsh as a Fed governor with a 14-year term, followed by a separate confirmation process for his four-year term as Fed chair, with a vote potentially occurring by Wednesday. The Republican-controlled Senate is anticipated to approve Warsh’s appointment. Fed Chair Jerome Powell’s term ends this Friday, May 16. The Fed’s next meeting is scheduled for June 16-17.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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