Senate panel advances Kevin Warsh’s nomination for US Fed chair
Key takeaways
- Senate panel approves Trump’s nominee Kevin Warsh to replace Jerome Powell as US Fed chair on party line vote.
- Warsh, US President Donald Trump’s handpicked choice to succeed current chairman Jerome Powell, whose term is set to end on May 15, was approved by the Senate Banking Committee on Wednesday.
- The committee voted along party lines, with 13 Republicans voting in favour of the Republican nominee and the 11 Democratic committee members voting against his nomination.
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Senate panel approves Trump’s nominee Kevin Warsh to replace Jerome Powell as US Fed chair on party line vote. His nomination heads to the full senate body for confirmation.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo If confirmed, Kevin Warsh would lead the central bank starting on May 15 [File: Kevin Lamarque/Reuters]By Andy Hirschfeld and Reuters Published On 29 Apr 202629 Apr 2026Kevin Warsh has passed a major hurdle to become the next chair of the United States Federal Reserve.
Warsh, US President Donald Trump’s handpicked choice to succeed current chairman Jerome Powell, whose term is set to end on May 15, was approved by the Senate Banking Committee on Wednesday.