Who will be confirmed as Fed Chair?Jerome Powell

Kevin Warsh becomes Federal Reserve chairman with a slim vote The US Senate confirmed Kevin Warsh as the 17th chairman of the Federal Reserve by a vote of 54 to 45. The previous chairman, Jerome Powell, had won by 80 votes. This is a narrow victory; Warsh had full Republican support but only one Democratic senator (John Fetterman) voted for him. No Fed chair has been confirmed by such a narrow margin since 1977. Warsh's election came at a time when Donald Trump has been embroiled in a bitter feud with Jerome Powell for years. Trump has called Powell "inefficient" and "stupid," accused him of delaying interest rate cuts, and even threatened to fire him. A few days ago, Trump published a cartoon trashing Powell. During his tenure, Powell managed the highest inflation in decades. Inflation reached 9.1% in June 2022 (the highest rate since 1981), and the Federal Reserve under his leadership curbed it by raising interest rates 11 times. Trump has repeatedly criticized the Federal Reserve, saying, "I understand the economy better than almost anyone." nournews.ir @Nournews_IR

FWD from Jahan Tasnim: Kevin Warsh becomes Federal Reserve chairman with weak vote The US Senate confirmed Kevin Warsh as the 17th chairman of the Federal Reserve by a vote of 54 to 45. The previous chairman, Jerome Powell, had won by 80 votes. This is a narrow victory; Warsh had full Republican support but only one Democratic senator (John Fetterman) voted for him. No Fed chair has been confirmed by such a narrow margin since 1977. Warsh's election came amid a bitter feud between Donald Trump and Jerome Powell for years. Trump has called Powell "inefficient" and "stupid," accused him of delaying interest rate cuts, and even threatened to fire him. A few days ago, Trump published a cartoon trashing Powell. During his tenure, Powell managed the highest inflation in decades. Inflation reached 9.1% in June 2022 (the highest rate since 1981), and the Federal Reserve under his leadership curbed it by raising interest rates 11 times. Trump has repeatedly criticized the Federal Reserve, saying, "I understand the economy better than almost anyone." @JahanTasnim

Warsh becomes Federal Reserve chairman Kevin Warsh, President Donald Trump's nominee to head the Federal Reserve, has been confirmed by the US Senate and is set to officially take over as head of the US central bank this week. He will replace Jerome Powell, who has been chairman of the Federal Reserve since 2018. Although Trump himself appointed Powell to the position, he has repeatedly criticized him for not cutting interest rates more aggressively. Powell's term ends on Friday. @YjcNewsChannel

Crypto-Friendly Kevin Warsh Confirmed as Fed Chair to Replace Jerome Powell

The US Senate has confirmed Kevin Warsh as the new head of the Federal Reserve, Bloomberg reports. His nomination was approved by 54 senators, with 45 voting against. In late April, Warsh's nomination was approved by the Senate Banking Committee. He previously served on the Federal Reserve Board of Governors from 2006 to 2011, becoming the youngest member of the U.S. central bank's governing board in history. The appointment comes amid a protracted conflict between Donald Trump and current Federal Reserve Chairman Jerome Powell. The US president has repeatedly criticized him for refusing to lower the benchmark interest rate and has raised the possibility of his dismissal. Powell himself has stated that he does not intend to resign before the end of his term in mid-May. More IZ RU news in MAX

JUST IN: The U.S. Senate has officially confirmed Kevin Warsh as the next Chairman of the Federal Reserve, replacing Jerome Powell.

Kevin Warsh was confirmed Wednesday as the next Federal Reserve chair, taking over the central bank at a time when President Donald Trump is pushing for lower interest rates even as fresh inflation data complicates the case for cuts. • • In the most divisive vote ever for a Fed chair, Warsh, 56, won confirmation to take over for Jerome Powell, who has served in the top leadership position since 2018 and whose term will expire Friday. • • Full story:

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 votes to appoint Kevin Warsh as Federal Reserve chairman, succeeding Jerome Powell.

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]

The US Senate votes to appoint Kevin Warsh as chairman of the Federal Reserve, succeeding Jerome Powell.

The US Senate voted overwhelmingly to appoint Kevin Warsh as chairman of the Federal Reserve, succeeding Jerome Powell.

Senate votes to confirm Trump-pick Kevin Warsh to succeed Jerome Powell as Fed Chair

The US Senate voted overwhelmingly to appoint Kevin Warsh as chairman of the Federal Reserve, succeeding Jerome Powell.

NEWS ALERT Kevin Warsh will succeed Jerome Powell as chairman of the Fed: the Senate confirms the nomination of Donald Trump's candidate to head the US central bank

*KEVIN WARSH CONFIRMED AS FED CHAIR, SUCCEEDING JEROME POWELL • • *SENATE VOTE TO CONFIRM WARSH IS MOST PARTISAN EVER FOR A FED CHAIR; JUST ONE DEMOCRAT, JOHN FETTERMAN OF PENNSYLVANIA, VOTED WITH REPUBLICAN MAJORITY ...

Bloomberg: The US Senate confirms Warsh as Federal Reserve Chair, succeeding Jerome Powell.

*KEVIN WARSH CONFIRMED AS FED CHAIR, SUCCEEDING JEROME POWELL • • *SENATE VOTE TO CONFIRM WARSH IS MOST PARTISAN EVER FOR A FED CHAIR; JUST ONE DEMOCRAT, JOHN FETTERMAN OF PENNSYLVANIA, VOTED WITH REPUBLICAN MAJORITY

BREAKING: The US Senate has officially confirmed Kevin Warsh as the next Chairman of the Federal Reserve to replace Jerome Powell.

BREAKING: SENATE OFFICIALLY CONFIRMS PRO-CRYPTO KEVIN WARSH AS FEDERAL RESERVE CHAIR TO REPLACE JEROME POWELL. ...

The US Senate has confirmed Kevin Warsh as a governor on the board of the Federal Reserve, clearing the way for him to take the reins of the central bank later this week. • • The Senate voted 51-45 to confirm Warsh's appointment to the board for a 14-year term, with the results largely along party lines. • • The Senate will hold a separate vote to confirm Warsh as the central bank's chair, taking over from incumbent Jerome Powell, whose term finishes at the end of this week. • • US President Donald Trump has frequently insulted and criticized Powell, demanding the central bank lower interest rates faster, despite significant economic headwinds. • • US consumer inflation came in at its highest year-on-year level since 2023 on Tuesday, registering at 3.8% in April, with significant increases in both energy and food prices. • • Warsh has backed lower interest rates, despite price increases having outpaced the Fed's long-term two-percent target for years. • • #fed #warsh #powell #us #usa #trump #donaldtrump

BREAKING NEWS: The U.S. Senate on Tuesday confirmed Kevin Warsh to a 14-year term as ‌Federal Reserve governor, marking an important step toward his succeeding Jerome Powell as the U.S. central bank's next leader. Read more:

NEW: Kevin Warsh clears the Senate to take a seat back on the Federal Reserve's Board of Governors — and now the spotlight shifts to the Fed’s top job. • • Trump’s pick was confirmed 51–45, pushing past early doubts about whether he had the votes. • • The Senate is expected to fully confirm Warsh on Wednesday, ending months of high-stakes drama over his Fed nomination to replace Chair Jerome Powell, whose term is set to end May 15.

NEW: The Senate confirmed Kevin Warsh to the Federal Reserve's Board of Governors, a crucial step in President Trump's push to make Warsh the central bank's leader after months of uncertainty due to a criminal probe of outgoing chief Jerome Powell.

The U.S. Senate on Tuesday confirmed Kevin Warsh to a 14-year term as Federal Reserve governor, marking an important step toward his succeeding Jerome Powell as the U.S. central bank's next leader.

See Steve Beckner's story about Jerome Powell's presumably last post-FOMC news conference as Fed chair - after an FOMC meeting with four dissents and a declaration that he'll stay on a Fed governor after Kevin Warsh arrives as chair - at: #Powell #FOMC #FederalReserve #economy

Federal Reserve Chairman Jerome Powell: Will remain a member of the Federal Reserve Board of Governors after stepping down as chairman.

LATEST: Jerome Powell to remain at the Federal Reserve as a governor.

JEROME POWELL: • • JUST IN: JEROME POWELL TO REMAIN ON FEDERAL RESERVE BOARD AS GOVERNOR AFTER FED CHAIR TERM ENDS. - ...

JUST IN: JEROME POWELL TO REMAIN ON FEDERAL RESERVE BOARD AS GOVERNOR AFTER FED CHAIR TERM ENDS. ...

Fed leaves rates unchanged at Jerome Powell's final meeting as chairman. • The U.S. Federal Reserve's next meeting in June is likely to be led by Kevin Warsh after he cleared a Senate Banking Committee vote on Wednesday.

Fed chief nominee Kevin Warsh clears key hurdle in Senate, on track to succeed Jerome Powell

BREAKING: The Senate Banking Committee advanced Kevin Warsh’s nomination for Fed chair, bringing him closer to replacing Jerome Powell next month. •

BREAKING: President Trump's Fed Chair nomination, Kevin Warsh, has been approved by the Senate Banking Committee and will advance to the full Senate vote. • • Today, at 2:30 PM ET, Jerome Powell will give his last Fed press conference as Fed Chair.

The Senate Banking Committee approved the nomination of Kevin M. Warsh to chair the Federal Reserve. The 13-11 vote sets up the full Senate to consider Warsh’s nomination in the coming days, as lawmakers try to install him at the central bank before the term of the current chair, Jerome H. Powell, expires in mid-May.

The U.S. Department of Justice announced it will end its criminal investigation into Federal Reserve Chairman Jerome Powell, thus clearing a hurdle that would have prevented Kevin Warsh from being approved to succeed him.

Trump's DOJ drops probe that stood in way of president's pick to run Federal Reserve. • The Justice Department passed an investigation of Fed Chair Jerome Powell to the Fed's own inspector, which could clear a confirmation path for Kevin Warsh.

U.S. Attorney for DC Jeanine Pirro says her office has dropped its criminal investigation into Federal Reserve Chair Jerome Powell. Sen. Thom Tillis had been blocking the confirmation of President Trump's nominee, Kevin Warsh, to replace Powell due to the probe.

Jeanine Pirro says she is closing the criminal probe of Federal Reserve Chair Jerome Powell, clearing the way for Kevin Warsh's confirmation

Jeanine Pirro says she is closing the criminal probe of Federal Reserve Chair Jerome Powell, clearing the way for Kevin Warsh's confirmation

Kevin Warsh, President Trump's nominee to replace Jerome Powell as chair of the Federal Reserve, testified at his Senate confirmation hearing that the central bank will remain "strictly independent" in setting monetary policy.

Who is Kevin Warsh, Trump's pick to succeed Jerome Powell as Fed chair?

U.S. President Donald Trump stated on Wednesday that Federal Reserve chair Jerome Powell would be fired if he does not leave the bank after a new Fed chair is installed. • • More Here →

White House economic adviser Kevin Hassett expressed confidence that Kevin Warsh would begin as Federal Reserve chairman in May, and he does not expect current Fed chairman Jerome Powell to remain on the board. • • More Here →

Trump started a battle with Jerome Powell, but the Fed chairman is winning the war: He won’t leave until probe is ‘well and truly over’. • “If my successor is not confirmed by the end of my term as chair, I would serve as chair until he is confirmed. That is what the law calls for.”