Kevin Warsh wins Senate confirmation as the next Federal Reserve chair
... In the most divisive vote ever for a Fed chair, Warsh, 56, won confirmation to take over for Jerome Powell, who has served in the top leadership position since 2018 and whose term will expire Friday.
The Senate voted 54-45 to confirm Warsh, ending a months long saga that began in the summer of 2025 and included an extensive search for Powell’s successor. The vote was almost completely along party lines, with only Pennsylvania Democrat Sen. John Fetterman crossing over to vote for Warsh, who becomes the 11th Fed chair of the modern banking era.
Powell will stay on at the Fed as he has two years left in his term as governor. ...
