U.S. Senate Confirms Kevin Warsh as Fed Chair to Succeed Jerome Powell
Tech U.S. Senate Confirms Kevin Warsh as Fed Chair to Succeed Jerome Powell The U.S. Senate has confirmed pro-crypto Kevin Warsh as the next Federal Reserve chair, replacing Jerome Powell. This comes just a day after they confirmed him as a member of the Board of Governors. Warsh‘s confirmation also comes as the U.S. House seeks to remove the Fed’s dual mandate. Senate Confirms Kevin Warsh as Next Fed Chair The Senate has confirmed Kevin Warsh as the next Chairman of the Board of Governors of the Federal Reserve for a term of four years. The senators voted 54 to 45 in favor of confirming him as the next Fed chair. As CoinGape reported, the Senate confirmed Kevin Warsh as a Fed governor yesterday, which cleared the way for his confirmation as the next Fed chair. He will replace Powell, whose term as the Fed chair ends on Friday, May 15. However, Powell has revealed that he will make the unusual move of staying on as a Fed governor for the foreseeable future. Most Fed chairs have historically resigned from the board after their term as Fed chair ends. Kevin Warsh‘s confirmation comes at a time when the Fed’s independence is in question, with U.S. President Donald








