Cointelegraph5/14/2026Business
US Senate Approves Kevin Warsh as Fed Chair, Successor to Jerome Powell
Warsh Confirmed as Governor for 14-Year Term and 4-Year Chairmanship Amid Party-Line Votes
Quick Look
- The US Senate confirmed Kevin Warsh as the new Federal Reserve Chair, succeeding Jerome Powell, with party-line votes (54-45 for chair, 51-45 for governor).
- Warsh, previously a Fed governor under Bush and Obama, faces concerns over independence from the White House.
- His confirmation coincides with upcoming Senate Banking Committee markup on the Digital Asset Market Clarity Act (CLARITY), impacting crypto regulation.
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The US Senate confirmed Kevin Warsh as the new Federal Reserve Chair, succeeding Jerome Powell, with party-line votes (54-45 for chair, 51-45 for governor). Warsh, previously a Fed governor under Bush and Obama, faces concerns over independence from the White House. His confirmation coincides with upcoming Senate Banking Committee markup on the Digital Asset Market Clarity Act (CLARITY), impacting crypto regulation.
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This article was originally published by Cointelegraph.
