Kevin Warsh has promised to remake the central bank. His near party-line confirmation showed how far Washington political divides now extend to the Fed.
May 13, 2026 at 2:54 p.m. EDTToday at 2:54 p.m. EDT
Kevin Warsh leaves his confirmation hearing with his wife, Jane Lauder, last month. (Elizabeth Frantz/Reuters)
President Donald Trump finally got a new Federal Reserve chair. His allies aren’t so sure he’ll get his interest rate cuts any time soon, though.
The Senate confirmed Kevin Warsh as the central bank’s next chair in a 54-45 vote Wednesday, handing Trump a long-sought victory. Sen. John Fetterman of Pennsylvania was the only Democrat to support Warsh.
