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Originally published by Capital Businessbusiness
May 14, 2026
3h ago
Trump’s Fed chair pick Kevin Warsh confirmed by US Senate
Kevin Warsh won confirmation on Wednesday with 54 votes in favour and 45 against. He will succeed Jerome Powell, whose tenure featured multiple clashes with the US president over interest rates. His term ends on Friday. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kevin Warsh, President Trump’s pick for Federal Reserve chair, has been confirmed by the US Senate with a vote of 54 in favor and 45 against, largely along party lines.
- Kevin Warsh will succeed Jerome Powell, whose term ends on Friday.
- Warsh faces pressure from President Trump to lower interest rates amidst rising inflation, currently at 3.8% annually.
- This confirmation marks the narrowest margin for a Fed chair approval since 1977, with only one Democrat, John Fetterman, voting in favor.
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