Kevin Warsh sat before the Senate Banking Committee on April 21 and did what every Fed Chair nominee eventually must: convince lawmakers he won’t take orders from the president who picked him.
Trump nominated Warsh on January 30, 2026, with the formal nomination reaching the Senate on March 4. The confirmation vote landed on May 13, passing 54-45. Warsh was sworn in on May 22, succeeding Jerome Powell.
During the hearing itself, Warsh emphasized the central bank’s autonomy in setting rates. He also signaled a willingness to reform the Fed’s inflation framework and adopt more flexible communication strategies, all in the name of price stability.
Warsh’s broader vision for the Fed appears to involve narrowing its mandate. He’s skeptical of Central Bank Digital Currencies, stating his opposition during confirmation. And he’s committed to data-driven policy decisions.
The inflation problem that won’t quit
