SENATE DRAMA 51-45 Vote Gives President Donald Trump One of Biggest Wins of His Presidency

The confirmation advances Trump’s plan to install Warsh as the next chair of the Federal Reserve, succeeding Jerome Powell whose term as chair expires Friday.

Warsh, a former Fed governor from 2006 to 2011, is a longtime critic of the central bank’s policies on balance sheet size, bank regulation, and communication practices. He has indicated openness to interest rate cuts in recent statements, aligning with Trump’s repeated calls for lower rates.

In confirmation hearings, Warsh pledged to maintain the Fed’s independence in setting monetary policy. “I will be an independent actor if confirmed as chair of the Federal Reserve,” he stated last month.