Senate confirms Kevin Warsh as next Fed chair
The Korea Herald carried a Reuters report on May 14 that the US Senate approved Kevin Warsh as chair of the Federal Reserve on Wednesday.
At a glance
- The Senate confirmed Kevin Warsh as Fed chair by a 54-45 vote, per the Reuters report carried by the Korea Herald.
- The report described it as the most partisan Fed chair confirmation in history, with John Fetterman the sole Democratic yes vote.
- Warsh succeeds Jerome Powell, who remains on the Fed board as a governor.
VERDICT — CONFIRMED
The Korea Herald carried a Reuters report on May 14 that the US Senate approved Kevin Warsh as chair of the Federal Reserve on Wednesday. According to the article, the 54-45 vote was the most partisan Fed chair confirmation on record, surpassing Janet Yellen's 56-26 vote in 2014, with Pennsylvania Democrat John Fetterman the only member of his party voting in favor. Warsh, a 56-year-old lawyer and financier, replaces Jerome Powell, whose term as chair was ending that week; Powell was to remain a Fed governor, and Warsh was expected to chair the Fed's June 16-17 meeting.
Key facts on file
- The Senate confirmed Kevin Warsh as Fed chair by a 54-45 vote, per the Reuters report carried by the Korea Herald.
- The report described it as the most partisan Fed chair confirmation in history, with John Fetterman the sole Democratic yes vote.
- Warsh succeeds Jerome Powell, who remains on the Fed board as a governor.
