JUST IN: Senate Advances Kevin Warsh’s Nomination for Federal Reserve Chair

Jerome Powell’s days as Federal Reserve Chair are numbered.

Today, President Trump’s nominee Kevin Warsh cleared a significant hurdle in the Senate.

In a 49-44 vote, the Senate advanced Kevin Warsh’s nomination.

Two Democrats — Sen. John Fetterman and Sen. Chris Coon — joined Republicans to vote in favor of advancing Warsh.

Check it out:

🚨 JUST IN: The US Senate has just successfully ADVANCED Kevin Warsh to become Trump's Chairman of the Federal Reserve

Jerome Powell has just DAYS left before he's gone.

It can't come soon enough! 🔥 pic.twitter.com/uKDHEY18QI

— Nick Sortor (@nicksortor) May 11, 2026

Kevin Warsh’s nomination has been stalled in the Senate for quite some time due to Sen. Thom Tillis, who refused to take any action while the DOJ’s investigation of Jerome Powell was underway.

Since that probe got dropped, things are finally moving again.

However, Warsh still faces a final vote in the Senate, which is set to take place on Wednesday — just two days before Jerome Powell’s term is set to expire.

Politico has more:

The Senate will next vote to confirm Warsh as a member of the Fed board on Tuesday as well as hold the first procedural vote for him to be confirmed as Fed chair. The final vote to confirm Warsh as Fed chair will occur on Wednesday, according to a person familiar granted anonymity to discuss not public details of the process.

Warsh’s nomination had been stuck in the Senate Banking Committee but was able to move forward after Sen. Thom Tillis (R-N.C.) reversed his opposition as the result of the Department of Justice dropping an investigation into whether Powell misrepresented the Fed’s headquarters renovation costs during Congressional testimony. Tillis, who is retiring after his term ends this year, held the deciding vote for advancing Warsh out of the Senate Banking Committee.

Warsh was previously a Fed governor during the 2008 financial crisis. He has generally called for lowering interest rates but has not committed to doing so and said President Donald Trump never asked him to.

“The president never once asked me to commit to any particular interest rate decision, period,” Warsh said during his nomination hearing. “Nor would I agree to do so if he had.”

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