Anonymousabout 1 hour ago
Kevin Warsh, President Trump's nominee to chair the Federal Reserve, cleared a critical Senate cloture vote 49-44 on May 11, 2026, after his confirmation was stalled for months by a Republican senator's objections to a DOJ criminal probe into outgoing Chair Jerome Powell. Warsh, a former Fed governor and Morgan Stanley banker who has promised "regime change" at the central bank — including shrinking the balance sheet and overhauling the inflation framework — now faces final Senate confirmation votes this week before Powell's term expires May 15.