Watcher.Guru (@WatcherGuru) “Kevin Warsh has officially been confirmed as the next Federal Reserve chair, win” — TopicDigg

Kevin Warsh has officially been confirmed as the next Federal Reserve chair, winning Senate approval in a 54-45 vote, the most divided confirmation ever for the role. Warsh, 56, will replace Jerome Powell, whose term ends Friday, and will take over the central bank as President Donald Trump pushes for lower interest rates while new inflation data makes the path ahead more complicated. His confirmation ends a months-long search that began in summer 2025. The vote broke almost entirely along party lines, with Pennsylvania Sen. John Fetterman the only Democrat to support him. Warsh's first Federal Open Market Committee (FOMC) meeting as chair is scheduled for June 16-17. He is also set to become the wealthiest Fed chair in modern history, with reported holdings above $100 million. Under newer ethics rules, he will be required to divest many of his investments before taking the role.