The Senate confirmed Kevin Warsh on Wednesday to become chairman of the Federal Reserve for a four-year term. The 54-45 vote concludes the process two days before Fed Chair Jerome Powell’s term ends. The Senate confirmed Warsh on Tuesday to a 14-year term on the board, effective as of Feb. 1, 2026. He fills a board position […]

Kevin Warsh won Senate confirmation to the Fed board, clearing a key step toward replacing Jerome Powell as Fed chair.

The upper chamber voted to approve Warsh's nomination by a 51-45 vote, on a mostly party-line basis.