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Murugaverl Mahasenan

US Senate Confirms Kevin Warsh as Fed Chair in 54-45 Vote

On May 14, 2026, the US Senate confirmed Kevin Warsh as the next chair of the Federal Reserve, approving President Donald Trump's nominee in a 54-45 vote. Warsh is set to start a four-year term replacing Jerome Powell, whose chair term ends Friday, while Powell is expected to stay on the Fed's Board through 2028. Observers said Warsh's past comments on Bitcoin and disclosed ties to crypto-related firms could influence expectations for digital-asset policy.
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