The U.S. Senate approves Kevin Warsh to serve as Federal Reserve Chair

Golden Finance reports that on May 14, the U.S. Senate confirmed Wossh as the Federal Reserve Chair with a vote of 54 to 45. The Senate had previously approved Wossh to serve as a Federal Reserve Board member on the 12th for a term of 14 years. With the chair appointment approved on the 13th, Wossh will officially take office after completing the relevant signing procedures at the White House, succeeding the current chair, Powell, whose term ends this Friday (May 15). However, Powell is expected to remain on the Federal Reserve Board. This vote was the most divisive along party lines in history: only one Democrat—Pennsylvania Senator John Fetterman—voted in favor alongside the Republican majority.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned