The U.S. Senate confirmed Kevin Warsh's nomination to the Federal Reserve Board of Governors on May 12. He was also confirmed as Fed Chair in a party-line vote on May 13, signaling significant challenges ahead due to a Fed committee skeptical of the rate cuts demanded by President Trump. The vote was the most divisive in the history of Fed chair confirmations, and April's inflation spike leaves Warsh with no excuses not to raise rates.
The US Senate Banking Committee has officially advanced a landmark bill to regulate the cryptocurrency market structure following months of intense deliberations.
Read the full storyBoston Fed President warns that interest rate hikes remain on the table if inflation pressures broaden and household expectations continue to drift higher.
The U.S. Senate confirmed Kevin Warsh as the new Fed chair on Wednesday in a party-line vote, marking a significant shift in U.S. monetary leadership.
The U.S. Senate confirmed Kevin Warsh as the new Fed Chair in a historic party-line vote, signaling potential shifts in monetary policy and crypto regulation.
The U.S. Senate confirmed Kevin Warsh to the Fed Board on Tuesday, with a separate vote to confirm him as Chair expected later this week.