multi source·2h ago·3 sources analyzed
Senate Advances Kevin Warsh's Nomination as Federal Reserve Chair
The US Senate is expected to confirm Kevin Warsh as the next chair of the Federal Reserve, replacing Jerome Powell. The nomination has moved forward following a Senate vote. (sources: ft, thehill, theguardian)
ModernAction Briefing
The Senate voted 49-44 to advance Kevin Warsh's nomination to the Federal Reserve Board of Governors, positioning him for confirmation as chair later this week.
- Kevin Warsh is nominated to replace Jerome Powell as chair of the Federal Reserve.
- The Senate voted 49-44 to advance Warsh's nomination.
- Confirmation is expected to occur later this week.
Why it matters
Warsh will address ongoing inflation challenges and navigate expectations from political figures.
Action context
This story references a legislative proposal. A specific bill action page is not available yet.