Warsh clinches Senate approval to be Fed’s next chair as inflation intensifies - BNN Bloomberg
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Article Excerpt
The U.S. Senate on Wednesday approved Kevin Warsh as chair of the Federal Reserve, putting the 56-year-old lawyer and financier at the helm as the U.S. central bank grapples with intensifying inflation that may make it hard to push through the interest-rate cuts that U.S. President Donald Trump has demanded.
The Republican-majority body had on Tuesday confirmed Warsh to a 14-year term on the Fed’s seven-member Board of Governors.
His swearing-in to both positions awaits final White House signatures on paperwork sent by the Senate. Warsh will take the leadership baton from Fed Chair Jerome Po…
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Jun 8, 2026