Kevin Warsh Federal Reserve Chair Nomination

Live UpdatesLast updated MAY 13
SUMMARY

Kevin Warsh was confirmed as a governor on the Federal Reserve's Board of Governors by the U.S. Senate with a 51-45 vote on May 13, 2026. As of May 13, 2026: Warsh's confirmation as governor is seen as a significant step toward his potential appointment as Fed Chair, with Senator John Fetterman being the sole Democrat to vote in favor. This follows the Department of Justice dropping its criminal probe into current Fed Chair Jerome Powell on April 24, 2026, which had previously stalled Warsh's nomination due to concerns raised by Senator Thom Tillis and eleven Democratic senators. During his confirmation hearing, Warsh pledged to uphold the central bank's independence, despite intense questioning from Democrats like Senator Elizabeth Warren, who called him a "chosen sock puppet."

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May 2026 — 1 developments

  1. The U.S. Senate confirmed Kevin Warsh as a governor on the Federal Reserve's Board of Governors with…

    The U.S. Senate confirmed Kevin Warsh as a governor on the Federal Reserve's Board of Governors with a 51-45 vote. This confirmation is seen as a significant step towards his potential appointment as Fed Chair. Senator John Fetterman was the only Democrat to vote in favor.

April 2026 — 15 developments

  1. The U.S. Senate Banking Committee has scheduled a vote for April 29 on Kevin Warsh's nomination to b…

    The U.S. Senate Banking Committee has scheduled a vote for April 29 on Kevin Warsh's nomination to be the next chair of the Federal Reserve. This follows the Department of Justice dropping its criminal probe into current Fed chair Jerome Powell. Warsh reiterated during his confirmation hearing that the Fed must remain strictly independent.

  2. Kevin Warsh, President Trump's nominee for Federal Reserve chair, pledged to uphold the central bank's independence during his confirmation hearing.

    Kevin Warsh, President Trump's nominee for Federal Reserve chair, pledged to uphold the central bank's independence during his confirmation hearing. He faced intense questioning from Democrats, including Senator Elizabeth Warren, who labeled him a "chosen sock puppet." Warsh denied promising the White House he would prioritize lower interest rates.

  3. The Justice Department has dropped its investigation into Fed Chair Jerome Powell, removing a significant obstacle to Kevin Warsh's nomination as the next Federal Reserve chair.

    The Justice Department has dropped its investigation into Fed Chair Jerome Powell, removing a significant obstacle to Kevin Warsh's nomination as the next Federal Reserve chair. This development is expected to allow Warsh's confirmation to proceed smoothly. The probe had centered on renovation cost overruns at the Fed's headquarters.

  4. Kevin Warsh, President Trump's nominee to chair the Federal Reserve, testified before the Senate Ban…

    Kevin Warsh, President Trump's nominee to chair the Federal Reserve, testified before the Senate Banking Committee on April 21, 2026, emphasizing his commitment to the Fed's independence in setting monetary policy. He addressed inflation, calling it a "choice," and acknowledged the Iran war's impact on energy prices.

  5. Kevin Warsh, a candidate for Federal Reserve Chairman, has agreed to divest investments in cryptocurrency and aerospace ventures if confirmed.

    Kevin Warsh, a candidate for Federal Reserve Chairman, has agreed to divest investments in cryptocurrency and aerospace ventures if confirmed. Additionally, there are indications that Warsh may shift his stance on interest rates to align with President Trump's preference for lower rates. His nomination remains stalled due to a criminal investigation into Fed Chair Jerome Powell.

  6. Senator Thom Tillis has vowed to block Kevin Warsh's nomination as Federal Reserve Chair until a Justice Department investigation into the Fed's $2.

    Senator Thom Tillis has vowed to block Kevin Warsh's nomination as Federal Reserve Chair until a Justice Department investigation into the Fed's $2.5 billion headquarters renovation project is resolved. Prosecutors visited the construction site on April 15, 2026, but were denied access. Warsh's confirmation hearing is scheduled for April 21, 2026.

  7. Eleven Democratic senators have requested a postponement of Kevin Warsh's confirmation hearing for Federal Reserve Chair.

    Eleven Democratic senators have requested a postponement of Kevin Warsh's confirmation hearing for Federal Reserve Chair. They cited concerns over ongoing investigations into Fed Chair Jerome Powell and President Trump's actions regarding Fed Governor Lisa Cook. Senator Thom Tillis reiterated his stance to block the nomination until the DOJ investigation into Powell is resolved.

  8. President Trump has stated he would "have to fire" Fed Chair Jerome Powell if he does not step down from his board seat when his term ends.

    President Trump has stated he would "have to fire" Fed Chair Jerome Powell if he does not step down from his board seat when his term ends. The legality of Trump's efforts to remove Fed governors is currently before the Supreme Court. This development occurs as Kevin Warsh's confirmation hearing for Fed chair is scheduled for next week.

  9. Federal prosecutors visited the Federal Reserve's construction site this week as part of a Justice D…

    Federal prosecutors visited the Federal Reserve's construction site this week as part of a Justice Department probe into Jerome Powell, which Senator Thom Tillis is using to block Kevin Warsh's nomination as Federal Reserve chair. JPMorgan CEO Jamie Dimon has expressed confidence in Warsh, calling him a "great candidate."

  10. Senator Elizabeth Warren has joined Senator Thom Tillis in opposing Kevin Warsh's nomination for Federal Reserve Chair, labeling Warsh a "Trump sock puppet.

    Senator Elizabeth Warren has joined Senator Thom Tillis in opposing Kevin Warsh's nomination for Federal Reserve Chair, labeling Warsh a "Trump sock puppet." Tillis plans to block the confirmation until a DOJ investigation into Fed Chair Jerome Powell concludes. Warsh has disclosed assets exceeding $100 million and would need to divest significant holdings if confirmed.

  11. Treasury Secretary Scott Bessent stated that the Trump administration wants Kevin Warsh confirmed as Federal Reserve Chair "as soon as possible.

    Treasury Secretary Scott Bessent stated that the Trump administration wants Kevin Warsh confirmed as Federal Reserve Chair "as soon as possible." Warsh's confirmation hearing is scheduled for April 21, 2026, and he has submitted financial disclosures indicating assets exceeding $100 million. Senator Thom Tillis reiterated his opposition until an investigation into Fed Chair Jerome Powell is resolved.

  12. Kevin Warsh's nomination hearing for Federal Reserve Chair has been rescheduled to April 21, 2026, due to delays in his financial disclosures.

    Kevin Warsh's nomination hearing for Federal Reserve Chair has been rescheduled to April 21, 2026, due to delays in his financial disclosures. These disclosures reveal a net worth exceeding $100 million, with significant investments in venture funds, including SpaceX, Polymarket, and Solana, and require him to divest certain assets for compliance.

  13. Kevin Warsh's nomination hearing for Federal Reserve chair has been postponed beyond its scheduled April 16 date due to pending financial and ethics disclosure paperwork.

    Kevin Warsh's nomination hearing for Federal Reserve chair has been postponed beyond its scheduled April 16 date due to pending financial and ethics disclosure paperwork. Senator Thom Tillis reiterated he will not vote to confirm Warsh until an investigation into current Fed Chair Jerome Powell is resolved. White House economic adviser Kevin Hassett remains confident Warsh will assume the role by May.

  14. Kevin Warsh's confirmation hearing for Federal Reserve chair has been scheduled for April 16, 2026.

    Kevin Warsh's confirmation hearing for Federal Reserve chair has been scheduled for April 16, 2026. Warsh, a former Fed governor and President Trump's nominee, has advocated for lower interest rates and a significant reduction of the Federal Reserve's balance sheet.

  15. The Senate Banking Committee is preparing to hold a hearing for Kevin Warsh's nomination as Federal Reserve chair as early as the week of April 13, 2026.

    The Senate Banking Committee is preparing to hold a hearing for Kevin Warsh's nomination as Federal Reserve chair as early as the week of April 13, 2026. This potential confirmation hearing comes amid increasing economic uncertainty and market anticipation of stricter monetary discipline.

March 2026 — 4 developments

  1. The Trump administration has formally nominated Kevin Warsh to be the next Federal Reserve chair, sending his nomination to the Senate.

    The Trump administration has formally nominated Kevin Warsh to be the next Federal Reserve chair, sending his nomination to the Senate. Warsh, a former Fed official, has previously criticized the Fed's policies and aligned with Trump's push for looser monetary policy. Senator Thom Tillis has stated he will oppose confirming Warsh until a criminal investigation into Powell is resolved.

  2. Kevin Warsh is scheduled to meet with senators this week as he seeks approval for his nomination as the next Federal Reserve chair.

    Kevin Warsh is scheduled to meet with senators this week as he seeks approval for his nomination as the next Federal Reserve chair. President Trump formally submitted Warsh's nomination to the Senate on March 4, 2026. Senator Thom Tillis, who opposes moving forward until the Justice Department concludes its investigation into the former Fed Chair, is among the senators Warsh is scheduled to meet.

  3. Kevin Warsh, nominated to be the next Federal Reserve Chair, is reportedly facing resistance in his efforts to reduce the Fed's nearly $7 trillion balance sheet.

    Kevin Warsh, nominated to be the next Federal Reserve Chair, is reportedly facing resistance in his efforts to reduce the Fed's nearly $7 trillion balance sheet. Warsh plans to consult extensively with banks and the public before making any adjustments to the balance sheet. He has expressed concerns that the balance sheet exceeds congressional authority and distorts financial markets.

  4. Kevin Warsh has officially taken office as the Federal Reserve Chair, signaling a potential shift towards cautious rate cuts and a 'confirm first, act later' approach.

    Kevin Warsh has officially taken office as the Federal Reserve Chair, signaling a potential shift towards cautious rate cuts and a 'confirm first, act later' approach. Warsh emphasizes policy credibility and data confirmation over preemptive easing, a stance that could lead to higher-for-longer interest rates. Governor Milan has reportedly moderated his previously dovish remarks.

February 2026 — 15 developments

  1. President Trump has yet to formally nominate Kevin Warsh as the next Federal Reserve Chair, four weeks after naming him as his choice.

    President Trump has yet to formally nominate Kevin Warsh as the next Federal Reserve Chair, four weeks after naming him as his choice. This delay adds to uncertainty, as the Senate Banking Committee awaits the formal nomination to schedule a confirmation hearing.

  2. Kevin Warsh has officially taken office as the Federal Reserve Chair, facing pressure to align interest rate cuts with President Trump's expectations amid improved U.

    Kevin Warsh has officially taken office as the Federal Reserve Chair, facing pressure to align interest rate cuts with President Trump's expectations amid improved U.S. growth forecasts of 2.4% from the IMF. A recent CEO survey also indicates a positive economic outlook, complicating potential decisions to lower rates. Warsh's path to the chair was nearly delayed due to Republican opposition tied to a probe into Powell.

  3. Kevin Warsh is set to lead the Federal Reserve amidst significant global economic and technological shifts, with a focus on controlling inflation and supporting labor markets.

    Kevin Warsh is set to lead the Federal Reserve amidst significant global economic and technological shifts, with a focus on controlling inflation and supporting labor markets. New insights suggest advice from a Trump ally, Stephen Miran, on the Fed's operational framework and its relationship with the White House. Warsh and others view the Fed's past balance sheet expansion as excessive and requiring reversal.

  4. President Donald Trump has officially nominated Kevin Warsh to be the next chair of the Federal Reserve, with the nomination formally transmitted to the Senate on February 24, 2026.

    President Donald Trump has officially nominated Kevin Warsh to be the next chair of the Federal Reserve, with the nomination formally transmitted to the Senate on February 24, 2026. Warsh is slated to succeed Jerome Powell when his term ends on May 15, 2026. This nomination comes amid a U.S. Department of Justice investigation involving Powell and faces potential roadblocks due to Republican opposition.

  5. Federal Reserve Governor Stephen Miran, a Trump appointee, has advised Kevin Warsh, the nominee for …

    Federal Reserve Governor Stephen Miran, a Trump appointee, has advised Kevin Warsh, the nominee for Fed Chair, to be "forward-looking, not backward-looking" and suggested the current economic backdrop does not necessitate a data-dependent approach. Additionally, gold and silver prices significantly declined following President Trump's announcement of Warsh's nomination, as this eased investor fears of White House interference in the Federal Reserve's operations and signaled a potential shift towards a more conventional monetary policy. According to analysts, the pullback in precious metals was also partly due to profit-taking after a rapid price increase, with Warsh's nomination serving as a catalyst for selling.

  6. Senator Elizabeth Warren criticized Kevin Warsh's nomination for Federal Reserve Chair, labeling him…

    Senator Elizabeth Warren criticized Kevin Warsh's nomination for Federal Reserve Chair, labeling him a 'sock puppet' who would prioritize President Trump's wishes over Fed independence. Warren highlighted Warsh's past shifts in stance on interest rates, questioning his independent economic decision-making.

  7. Kevin Warsh, nominated to be the next Federal Reserve Chair, has criticized the Fed's COVID-era resp…

    Kevin Warsh, nominated to be the next Federal Reserve Chair, has criticized the Fed's COVID-era response as a major policy mistake and advocates for a smaller balance sheet and renewed independence. His potential critiques of the Fed's $6.6 trillion balance sheet could unsettle the historically high-priced stock market.

  8. Kevin Warsh has officially taken office as the new Federal Reserve Chair, signaling a significant shift towards a "tapering plus rate cuts" monetary policy.

    Kevin Warsh has officially taken office as the new Federal Reserve Chair, signaling a significant shift towards a "tapering plus rate cuts" monetary policy. This strategy involves active quantitative tightening to rebuild Fed credibility, coupled with front-loaded interest rate cuts. Warsh's approach aims to reduce the Fed's balance sheet, though structural limits are noted.

  9. Kevin Warsh's nomination to lead the Federal Reserve faces structural hurdles in his stated goal of …

    Kevin Warsh's nomination to lead the Federal Reserve faces structural hurdles in his stated goal of shrinking the central bank's balance sheet due to current financial system rules requiring substantial bank reserves. Aggressively reducing the Fed's footprint could risk market volatility and loss of interest rate control. Markets reacted swiftly to the nomination, with gold and silver prices falling significantly and treasury yields climbing, indicating a shift away from expectations of aggressive rate cuts and expansive balance-sheet policies.

  10. Kevin Warsh, President Trump's nominee for Federal Reserve chair, has shifted his views to favor rate cuts while consistently advocating for a smaller Fed balance sheet.

    Kevin Warsh, President Trump's nominee for Federal Reserve chair, has shifted his views to favor rate cuts while consistently advocating for a smaller Fed balance sheet. He has called for a new Treasury-Fed accord to facilitate this. If Warsh influences the FOMC, it could lead to downward pressure on short-term rates, but this might risk higher long-term yields.

  11. Senator Thom Tillis announced on February 13, 2026, that he will oppose the confirmation of Kevin Wa…

    Senator Thom Tillis announced on February 13, 2026, that he will oppose the confirmation of Kevin Warsh as Federal Reserve Chairman until the Justice Department concludes its investigation into Jerome Powell. Tillis indicated that Warsh may need to decide whether to proceed with his nomination due to potential impacts on his business life.

  12. President Donald Trump stated that his nominee for Federal Reserve chair, Kevin Warsh, could stimulate the economy to achieve 15% growth.

    President Donald Trump stated that his nominee for Federal Reserve chair, Kevin Warsh, could stimulate the economy to achieve 15% growth. Warsh advocates for interest rate cuts and a reduction in the Fed's balance sheet under a new Treasury-Fed accord, aligning with Trump's views for economic stimulation.

  13. Donald Trump has selected Kevin Warsh as the new chairman of the Federal Reserve, following months of public disagreements.

    Donald Trump has selected Kevin Warsh as the new chairman of the Federal Reserve, following months of public disagreements. The markets responded favorably to this announcement, with equities rising and gold prices falling as investors perceived a reduced risk of dollar collapse.

  14. Kevin Warsh, a potential nominee for Federal Reserve chair, believes that an artificial intelligence (AI) boom could significantly enhance productivity.

    Kevin Warsh, a potential nominee for Federal Reserve chair, believes that an artificial intelligence (AI) boom could significantly enhance productivity. He stated that this AI-driven surge is the "most productivity-enhancing wave of our lifetimes" and could justify continuous interest rate cuts by the Federal Reserve without triggering inflation. Warsh draws a parallel to Alan Greenspan's approach in the 1990s, suggesting a unique opportunity for the Fed to lower borrowing costs.

  15. Former economic official Gary Cohn has stated that Kevin Warsh, President Trump's nominee for Federa…

    Former economic official Gary Cohn has stated that Kevin Warsh, President Trump's nominee for Federal Reserve chair, is highly qualified and will restore the Fed to its traditional norms. Warsh's approach to interest rate cuts remains uncertain, as he may clash with Trump's desire for significant reductions due to his hawkish stance on inflation.

January 2026 — 9 developments

  1. Kevin Warsh's nomination to be the next Federal Reserve Chair faces a potential delay due to Republican opposition linked to a criminal probe of current Chair Jerome Powell.

    Kevin Warsh's nomination to be the next Federal Reserve Chair faces a potential delay due to Republican opposition linked to a criminal probe of current Chair Jerome Powell. Senator Thom Tillis has placed a hold on Warsh's nomination, impacting its advancement through the Senate. Warsh was announced as President Trump's nominee on January 30, 2026.

  2. President Donald Trump has nominated Kevin Warsh, a former Fed governor, to succeed Jerome Powell as Federal Reserve Chair, with Powell's term ending May 15, 2026.

    President Donald Trump has nominated Kevin Warsh, a former Fed governor, to succeed Jerome Powell as Federal Reserve Chair, with Powell's term ending May 15, 2026. Warsh's potential policies, including shrinking the Fed's balance sheet, are expected to reshape U.S. monetary policy and could lead to increased dissension within the FOMC. While markets have reacted calmly, concerns remain about potential inflation risks and unintended consequences for Wall Street.

  3. President Donald Trump has nominated former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as the next Federal Reserve Chair.

    President Donald Trump has nominated former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as the next Federal Reserve Chair. Warsh, who previously served on the Fed's Board of Governors from 2006 to 2011, is expected to implement a "Warsh Doctrine" favoring aggressive balance sheet reduction alongside opportunistic interest rate cuts. This nomination, announced on January 30, 2026, could potentially conflict with Trump's goal of lower mortgage rates due to Warsh's views on shrinking the Fed's balance sheet.

  4. MUFG Research analyzed Kevin Warsh's monetary policy views, noting his belief that lower rates might…

    MUFG Research analyzed Kevin Warsh's monetary policy views, noting his belief that lower rates might be needed due to disinflationary forces from AI and deregulation, and that the US is on the verge of a productivity boom.

  5. Congressman Bill Foster issued a statement expressing an open mind about Kevin Warsh's nomination fo…

    Congressman Bill Foster issued a statement expressing an open mind about Kevin Warsh's nomination for Federal Reserve Chair, acknowledging his experience during the 2008 financial crisis.

  6. President Trump's nominee for Federal Reserve Chair, Kevin Warsh, is identified as the son-in-law of a longtime Trump donor.

    President Trump's nominee for Federal Reserve Chair, Kevin Warsh, is identified as the son-in-law of a longtime Trump donor. Warsh is expected to advocate for lower interest rates and an aggressive reduction of the Fed's balance sheet.

  7. President Trump's nomination of Kevin Warsh has intensified scrutiny on the Federal Reserve's indepe…

    President Trump's nomination of Kevin Warsh has intensified scrutiny on the Federal Reserve's independence, with the announcement coming amidst political pressures including an ongoing criminal investigation into Jerome Powell.

  8. Following the announcement, financial markets react, with stocks trading lower, the dollar strengthening, and long-term bond yields rising.

    Following the announcement, financial markets react, with stocks trading lower, the dollar strengthening, and long-term bond yields rising.

  9. President Trump hints at his upcoming Federal Reserve Chair selection, describing the individual as …

    President Trump hints at his upcoming Federal Reserve Chair selection, describing the individual as someone who 'could have been there a few years ago,' intensifying speculation that Kevin Warsh is his choice.

May 2024 — 1 developments

  1. The Senate Banking Committee has approved Kevin Warsh's nomination to be the next Chair of the Federal Reserve.

    The Senate Banking Committee has approved Kevin Warsh's nomination to be the next Chair of the Federal Reserve. The committee voted 13-11 along party lines, with all Republican senators in favor and Democrats opposed. This approval is a crucial step toward his confirmation, succeeding Jerome Powell.

May 2022 — 1 developments

  1. Jerome Powell begins his second four-year term as Federal Reserve Chair, which is set to expire in May 2026.

    Jerome Powell begins his second four-year term as Federal Reserve Chair, which is set to expire in May 2026.

November 2021 — 1 developments

  1. President Joe Biden nominates Jerome Powell for a second term as Federal Reserve Chair.

    President Joe Biden nominates Jerome Powell for a second term as Federal Reserve Chair.

February 2018 — 1 developments

  1. Jerome Powell is sworn in and begins his first four-year term as Federal Reserve Chair.

    Jerome Powell is sworn in and begins his first four-year term as Federal Reserve Chair.

November 2017 — 1 developments

  1. President Donald Trump nominates Jerome Powell to serve as the next Federal Reserve Chair, passing over other candidates including Warsh.

    President Donald Trump nominates Jerome Powell to serve as the next Federal Reserve Chair, passing over other candidates including Warsh.

September 2017 — 1 developments

  1. Media reports indicate Kevin Warsh is a leading candidate being considered by President Trump for the Federal Reserve Chair position.

    Media reports indicate Kevin Warsh is a leading candidate being considered by President Trump for the Federal Reserve Chair position.

April 2011 — 1 developments

February 2006 — 1 developments

  1. Kevin Warsh is sworn in as a Federal Reserve Governor, becoming the youngest in history at age 35.

    Kevin Warsh is sworn in as a Federal Reserve Governor, becoming the youngest in history at age 35.