Kevin Warsh Confirmed as Federal Reserve Chair in 54-45 Senate Vote
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The US Senate confirmed Kevin Warsh as Federal Reserve Chair in a 54–45 vote on May 13, 2026, with Jerome Powell remaining on the Fed board as a governor and Warsh potentially sworn in as early as Saturday pending ethics clearance. The leadership change injects policy and regulatory uncertainty for crypto markets and could affect DeFi and CEX fundraising, token performance and broader market risk as investors parse Warsh's stance on rates and regulation.
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- Senate confirmed Kevin Warsh as Fed Chair in a 54 to 45 vote on Wednesday.
- Jerome Powell stays on the Fed board as governor with a minimal public role.
- Warsh could be sworn in as early as Saturday, pending ethics requirements.
The US Senate confirmed Kevin Warsh as the 17th Chair of the Federal Reserve Board of Governors on Wednesday in a 54–45 vote. Warsh replaces Jerome Powell, who will remain on the Fed board as a governor rather than departing entirely.
Democrat John Fetterman of Pennsylvania was the only member of his party to cross the aisle and support Warsh’s confirmation, joining Republicans in backing President Trump’s nominee.
— The White House (@WhiteHouse) May 13, 2026
CONFIRMED
Kevin Warsh has been confirmed as the Chairman of the Board of Governors of the Federal Reserve System! pic.twitter.com/7oXyTd0hgD
Powell’s Exit and What Happens Next
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