product · May 16, 2026
Senate Confirms Kevin Warsh as Next Federal Reserve Chair
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Senate confirmed Kevin Warsh as next Federal Reserve chair on May 13 2026 by 54-45 vote. Warsh replaces Jerome Powell who led the Fed since 2018 and takes office immediately amid soaring gasoline prices. Warsh argued for lower rates and pledged independent monetary policy without White House orders. Senator Elizabeth Warren accused Warsh of serving as Trump's sock puppet during confirmation hearings.
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