Senate Confirms Kevin Warsh as Fed Chair

Published by

Nidhi Kolhapur

May 14, 2026

The U.S. Senate confirmed Kevin Warsh as the 17th chair of the Federal Reserve in a sharply divided 54-45 vote, the narrowest approval for a Fed chief in modern history. Warsh, a former Morgan Stanley banker and Bush adviser, will replace Jerome Powell on Friday and is expected to push for tighter coordination with the Treasury and faster balance-sheet reduction. Investors now await his first policy meeting on June 16-17 as inflation risks tied to the Iran conflict keep rate-cut expectations subdued.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.