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Kevin Warsh becomes Fed chair in 54-45 vote as central bank independence faces new test
May 13, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
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Kevin Warsh was confirmed as Federal Reserve chair in a 54-45 Senate vote, replacing Jerome Powell at a politically charged moment. With inflation worsening while the White House pushes for lower rates, the appointment introduces uncertainty for crypto markets and DeFi activity, increasing the risk of volatility for crypto prices, token fundraising and token launches depending on whether policy swings toward easing or tightening.
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Kevin Warsh cleared the Senate on Wednesday and became the next Federal Reserve chair after a brutal 54-45 vote, handing Trump a new central bank chief while the inflation picture is getting uglier. Kevin is taking over Jerome Powell at the exact time when Trump wants low interest rates, despite the recent price readings offering...
