Senate confirms Kevin Warsh as Fed governor, clearing path to replace Powell as chair
CBS News
Last updated: May 13, 2026
The Senate has confirmed Kevin Warsh to the Federal Reserve's Board of Governors. This confirmation is a significant development in President Trump's efforts to appoint Warsh as the head of the central bank, a process that has been ongoing for several months.
- The Senate's vote represents a key legislative action regarding the leadership of the Federal Reserve. The confirmation of Warsh to the Board of Governors is a crucial step in President Trump's stated objective to see him lead the central bank. This move comes after an extended period of consideration and nomination processes. The Federal Reserve plays a vital role in the U.S. economy, influencing monetary policy and financial stability. The composition of its leadership is therefore of significant interest to economic and political observers. Warsh's confirmation means he will now have a formal position within the institution, impacting future policy discussions and decisions. The article focuses on the procedural aspect of his appointment and its implications for the Federal Reserve's future direction under the current administration's influence.
