Kevin Warsh confirmed as Fed chair in 54-45 Senate vote; split concerns over independence

Kevin Warsh was confirmed as chair of the Federal Reserve on May 13 after the Senate approved him 54-45, with John Fetterman the lone Democrat voting yes. Senators had first confirmed him to a full 14-year term on the Board of Governors on May 12 by a 51-45 vote. Lawmakers split over whether his leadership will prioritize inflation control while protecting the central bank’s long-term independence.