Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleCopy linkKevin Warsh was confirmed by the Senate as the Fed chair nominee with a 54-45 vote. His confirmation followed months of Donald Trump's attempts to pressure current Fed Chair Jerome Powell to leave his position. Senator Thom Tillis initially opposed Warsh's nomination due to a Justice Department investigation into Powell, which he urged Trump to end. The Justice Department announced it was dropping the case against Powell, leading Tillis to end his opposition and support for Warsh. Warsh denied that Trump asked him to commit to interest rate cuts, stressing the importance of the Federal Reserve's independence. In fullTrump Fed chair nominee Kevin Warsh is confirmed by Senate as Jerome Powell vows to stay on boardThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in