Revision History

The U.S. Senate confirmed Kevin Warsh as the 17th Federal Reserve chair on May 13, 2026, in a 54-45 vote — the narrowest and most partisan confirmation for a Fed chair since the position became Senate-confirmed in 1977. Warsh, a former Fed governor and Morgan Stanley banker, takes office as inflation has spiked to 3.8% year-over-year amid energy shocks, while Democrats warn he will serve as President Trump's "sock puppet" on rate cuts and critics raise unresolved questions about more than $100 million in undisclosed financial holdings.