Kevin Warsh confirmed as next Federal Reserve chair
The Senate has confirmed Kevin Warsh as the new chair of the Federal Reserve. This decision follows the conclusion of a probe into the previous chair. (sources: pbs, nbcnews, abcnews, cbsnews, thehill)
The Senate confirmed Kevin Warsh as the next chair of the Federal Reserve, concluding a period of uncertainty regarding the leadership of the central bank.
- Kevin Warsh has been confirmed by the Senate as the new chair of the Federal Reserve.
- The confirmation follows the decision to drop an investigation into Jerome Powell, the previous chair.
Why it matters
The confirmation of Warsh is significant for the direction of U.S. monetary policy and the Federal Reserve's future actions.
↓ Why this is on ModernAction
2 bills on this issue are moving right now — and the most active one is Federal Reserve Transparency Act of 2025.
S2327 · 119th Congress
Federal Reserve Transparency Act of 2025
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What S2327 actually does
This story is about Senate confirms Kevin Warsh as Federal Reserve chair. This bill would Require a GAO “full audit” of the Fed Board and Reserve Banks on a 12‑month timeline.
If passed, it would:
- Require a GAO “full audit” of the Fed Board and Reserve Banks on a 12‑month timeline • Remove/relax certain statutory audit restrictions so GAO would review additional Fed activities.
1 other bill moving on this issue
Take action on any of them individually.
This story is about Kevin Warsh confirmed as next Federal Reserve chair. This bill would Require the Fed Board’s IG to be presidentially appointed and Senate-confirmed.
If passed, it would
- Require the Fed Board’s IG to be presidentially appointed and Senate-confirmed • Apply the same Senate-confirmation requirement to the CFPB IG (covered by the same IG.