politics
Kevin Warsh confirmed as Federal Reserve chair
Key takeaways
- John Fetterman (D-Pa.) joining Republicans in backing Warsh to lead the central bank, where he will have significant influence over interest rates.
- Warsh is set to replace Jerome Powell, who has repeatedly clashed with President Trump.
- The confirmation comes after a months-long battle between Trump and Sen.
Why this matters: political developments that affect policy direction and public trust.
The Senate voted 54-45, with Sen. John Fetterman (D-Pa.) joining Republicans in backing Warsh to lead the central bank, where he will have significant influence over interest rates.
Warsh is set to replace Jerome Powell, who has repeatedly clashed with President Trump.
The confirmation comes after a months-long battle between Trump and Sen. Thom Tillis (R-N.C.), who held up the nomination in the Senate Banking Committee in protest of the Justice Department s investigation of Powell. Tillis allowed the nomination to proceed only after federal prosecutors halted their care.
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