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Warsh confirmed as new Fed Chair
The U.S. Senate confirmed Kevin Warsh as chair of the Federal Reserve on Wednesday, elevating the 56-year-old lawyer and financier to the chairmanship just as the central bank grapples with rising inflation.
A Senate vote followed approval of Warsh’s appointment to the Fed’s seven-member Board of Governors by the Republican-majority body on Tuesday.
Warsh will assume leadership from Fed Chair Jerome Powell, whose term ends on Friday. Powell will remain a Fed governor. Fed Governor Stephen Miran will leave his board position to make room for Warsh. #fed #FederalReserve #KevinWarsh