What will happen before Kevin Warsh is confirmed?
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Warsh confirmed as the next Fed Chair; attention focused on how he will respond to Trump's "pressure to cut interest rates."
BREAKING: Senate confirms Kevin Warsh as Federal Reserve Chair in a 54–45 vote. • • Warsh replaces Jerome Powell, who will stay on the board as a Fed governor, despite repeated criticism from President Trump, who has been pushing the Fed to cut rates and accused Powell of making decisions "too late." • • Democrat John Fetterman was the only member of his party to join Republicans as the lone vote from his party to back Trump’s pick.
BREAKING: Senate confirms Kevin Warsh as Federal Reserve Chair in a 54–45 vote. • • Warsh replaces Jerome Powell, who will stay on the board as a Fed governor, despite repeated criticism from President Trump, who has been pushing the Fed to cut rates and accused Powell of making decisions "too late." • • Democrat John Fetterman was the only member of his party to join Republicans as the lone vote from his party to back Trump’s pick.
The US Senate confirmed Kevin Warsh as head of the Federal Reserve, Reuters reports. On May 12, the Senate confirmed Warsh to the Federal Reserve Board, granting him a 14-year term. Donald Trump nominated the financier for the post of the new head of the agency at the end of January. Warsh previously served on the Board of Governors of the US central bank and advised the American leader on economic issues. The current Fed Chairman Jerome Powell's term expires in May 2026. Max | Telegram | Newsletter | iOS App | Android [in reply to: Donald Trump would like more decisive action from Kevin Warsh to lower the key interest rate and the Federal Reserve's approach, says Vladimir Pavlov, a research fellow at the MGIMO Institute of International Studies. At the same time, he notes, Warsh is a systemic functionary. When making key decisions, Warsh will be guided by economic indicators. The specifics of the Fed's operations are unlikely to encourage the new head to strictly follow Trump's views, the expert believes. Telegram | Max]
BREAKING: Senate confirms Kevin Warsh as Federal Reserve Chair in a 54-45 vote. • • Warsh succeeds Powell, whose term ends Friday. Powell plans to stay on as governor, citing "legal attacks on the Fed." • • Warsh has signaled "regime change" plans: tighter Treasury coordination, smaller balance sheet, and a lower policy rate. First Fed meeting under his chairmanship is June 16-17.
#Wash is just one step away from becoming Fed Chair# [Inflation stickiness is intensifying! #Will Warsh cut interest rates after becoming Fed Chair?#] On Tuesday (12th), the U.S. Senate passed a key vote to approve Kevin Warsh to join the Federal Reserve Board of Governors for a 14-year term, which means he is just one step away from officially succeeding Powell as Fed Chair. Meanwhile, the Senate has begun the confirmation process for Warsh to serve a four-year term as Federal Reserve Chairman, with a vote expected as early as Wednesday (13th) local time. The market anticipates that, given the sticky nature of inflation, Warsh's appointment as Fed Chair will not fundamentally alter the Fed's monetary policy outlook. US Treasury bonds are expected to continue their steep upward trend, and the high level of risk-free interest rates will have some impact on other asset classes. With inflation stickiness intensifying, will Warsh press the rate-cutting button after taking over as Fed Chair?
BREAKING: Senate confirms Kevin Warsh as Federal Reserve Governor, on track to succeed Powell as Fed chair. Cloture vote for chair confirmation likely Wednesday; Powell's term ends Friday. • • Powell plans to stay on as governor, citing "legal attacks on the Fed which threaten our ability to conduct monetary policy without considering political factors." • • Warsh plans "regime change": tighter Treasury coordination, smaller balance sheet, lower policy rate.
Warsh says he made no rate-cut promises to Trump, plans 'robust' Fed reforms • •
Kevin Warsh, Trump's nominee for Federal Reserve Chair, appeared at his confirmation hearing on Tuesday and faced questioning. Questions covered his commitment to monetary policy independence, his argument that AI-driven productivity growth would provide the Fed with room to cut interest rates, and his undisclosed financial assets exceeding $100 million. This article summarizes the heated exchanges during the congressional hearing.
Fed Chair nominee Kevin Warsh says Trump didn’t order him to cut rates in heated Senate hearing
Trump Says He’ll Be Disappointed If Warsh Doesn’t Cut Rates Right Away—Ahead Of His Fed Chair Pick’s Hearing. • The former Fed governor, poised to become the wealthiest Fed chair in history, is set for a Senate hearing on his nomination Tuesday morning.
Kevin Warsh: Trump’s ideal choice to push Fed to cut interest rates
Ceasefire in Iran will be observed by both sides - Trump
U.S. AGREES TO 2-WEEK CEASEFIRE WITH IRAN.
U.S. AGREES TO 2-WEEK CEASEFIRE WITH IRAN
US X IRAN CEASEFIRE ODDS ARE SPIKING, AS SEEN ON POLYMARKET: ...
Will Iran and the US have a ceasefire by the end of the month? • Polymarket sees this at a nearly 50 percent chance of occurring spiking recently with talks of last ditch efforts to expand deadline.
Sources say the US-Iran ceasefire agreement may take effect on the 6th.
Analysis: What might trip up Kevin Warsh and his agenda as Fed chair
Today’s conversation was a positive first step with Fed Chair nominee Kevin Warsh, and I am looking forward to having further conversations with him in the coming weeks on Federal Reserve accountability to Congress and innovation.
Thom Tillis refuses to budge on blocking Fed chair pick Kevin Warsh confirmation
Thom Tillis refuses to budge on blocking Fed chair pick Kevin Warsh confirmation
What is this event about?
This market will resolve to "Yes" if there is an official ceasefire agreement, defined as a publicly announced and mutually agreed halt in direct military engagement, between the United States and Iran before Kevin Warsh is confirmed as chair of the Federal Reserve. Otherwise, this market will resolve to "No".
If neither occurs by October 31, 2026, 11:59 PM ET, this market will resolve to 50-50.
Kevin Warsh being confirmed as chair of the Federal Reserve requires the Senate to confirm Warsh’s nomination as Chair of the Federal Reserve. Recess appointments without Senate confirmation will not count. Senate confirmation of Warsh as a member of the Federal Reserve Board of Governors will not alone qualify.
For the purposes of this market, an “official ceasefire agreement” requires clear public confirmation from both the United States government and the government of Iran that they have agreed to halt military hostilities against one another.
If the agreement is officially reached before Kevin Warsh is confirmed as Fed Chair, this market will resolve to “Yes,” regardless of whether the ceasefire officially takes effect.
Any form of informal understanding, backchannel communication, de-escalation without an announced agreement, or unilateral pause in hostilities will not be considered an official ceasefire. Humanitarian pauses, limited operational pauses, or temporary tactical stand-downs will not count toward the resolution of this market.
A broader peace deal, normalization agreement, or political framework will qualify only if it includes a publicly announced and mutually agreed halt in military engagement between the United States and Iran, effective on a specified date, or otherwise confirmed by an overwhelming consensus of credible reporting. Agreements that outline future negotiations or de-escalation measures without an explicit, dated commitment to stop fighting will not qualify.
The primary resolution sources for this market are official information from the U.S. Senate and official statements from the United States government and the government of Iran. However, a wide consensus of credible media reporting confirming that an official ceasefire agreement has been reached or a consensus of credible reporting that Warsh has been confirmed will suffice.