Washington, D.C., May 12, 2026
The US Senate on Tuesday confirmed Kevin Warsh as a governor on the Federal Reserve Board, clearing the way for him to assume leadership of the central bank later this week as inflation reaches a three-year high.
Transition at the Federal Reserve
Warsh’s confirmation paves the way for him to succeed Jerome Powell as chair of the Federal Reserve, a transition expected to occur within days. The move comes at a critical juncture for the US economy, which is grappling with inflationary pressures not seen in years.
Warsh, a former Fed governor and economic advisor to President Donald Trump, brings extensive experience in monetary policy. His appointment marks a significant shift in leadership at the world’s most influential central bank.