BREAKING: Senate Confirms Kevin Warsh as Federal Reserve Governor, Clearing Way to Replace Powell

President Trump’s nominee to replace Jerome Powell as Federal Reserve Chair is now just one step away from being confirmed!

The Senate has officially confirmed Kevin Warsh to the Federal Reserve’s Board of Governors, clearing the path for a final vote to confirm him as Federal Reserve Chair.

Here are the details:

NEW: Kevin Warsh clears the Senate to take a seat back on the Federal Reserve's Board of Governors — and now the spotlight shifts to the Fed’s top job.

Trump’s pick was confirmed 51–45, pushing past early doubts about whether he had the votes.

The Senate is expected to fully… pic.twitter.com/OGA98yVXYT

— Fox News (@FoxNews) May 12, 2026

NEW: Kevin Warsh clears the Senate to take a seat back on the Federal Reserve’s Board of Governors — and now the spotlight shifts to the Fed’s top job.

Trump’s pick was confirmed 51–45, pushing past early doubts about whether he had the votes.

The Senate is expected to fully confirm Warsh on Wednesday, ending months of high-stakes drama over his Fed nomination to replace Chair Jerome Powell, whose term is set to end May 15.

Kevin Warsh is an excellent pick to replace “Too Late” Powell.

Flashback to this epic moment when he schooled Elizabeth Warren:

🚨 JUST IN: The US Senate just CONFIRMED Trump Federal Reserve Chair nominee Kevin Warsh to the Board of the Fed, 51-45

Warsh is set to replace disgraced Jerome Powell after the upcoming FULL Chair confirmation vote 👏🏻

GOOD RIDDANCE, TOO LATE! He has tainted the Fed.

Time to… pic.twitter.com/WyutO3smZu

— Eric Daugherty (@EricLDaugh) May 12, 2026

JUST IN: The US Senate just CONFIRMED Trump Federal Reserve Chair nominee Kevin Warsh to the Board of the Fed, 51-45

Warsh is set to replace disgraced Jerome Powell after the upcoming FULL Chair confirmation vote 👏🏻

GOOD RIDDANCE, TOO LATE! He has tainted the Fed.

Time to step down FULLY from the Board.

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Warsh absolutely INFURIATED Elizabeth Warren during his confirmation hearing 🤣

Today’s vote was 51-45.

Sen. John Fetterman was the lone Democrat to break ranks with his party and vote in favor of Kevin Warsh.

Per CNBC:

The upper chamber voted to approve Warsh’s nomination by a 51-45 vote, on a mostly party-line basis. Only Sen. John Fetterman, D-Pa., crossed lines to vote for President Donald Trump’s pick.

Next, a vote will take place to confirm Kevin Warsh to the position of Federal Reserve Chair.

That vote is expected to take place tomorrow, which is only two days before Jerome Powell’s term is set to expire.

CBS News reported further:

The Senate confirmed Kevin Warsh to the Federal Reserve’s Board of Governors on Tuesday, a crucial step in President Trump’s push to make Warsh the central bank’s leader after months of uncertainty due to a criminal probe of outgoing chief Jerome Powell.

The chamber voted 51-45 to confirm Warsh to a 14-year term as one of the Fed’s seven governors. The Senate still needs to vote separately to confirm Warsh as chair of the Board of Governors, replacing Powell, whose four-year term as chair ends Friday. That vote is expected later this week.

Warsh is taking the board seat held by Stephen Miran, a Trump adviser who was confirmed to the Fed last September to fill a vacancy created by an early resignation. Miran’s term technically ended in January, but he was allowed to remain on the board until his successor was confirmed. Miran previously chaired the White House’s Council of Economic Advisers, and in an unusual move, took a leave of absence to serve on the Fed for a few months.

Warsh’s term as Fed governor will run until 2040.

An alumnus of Stanford University and Harvard Law School, Warsh is returning to the Fed after a five-year stint as a governor that ended in 2011, spanning the global financial crisis. Since leaving the Fed, he has worked as a Hoover Institution fellow and an adviser for billionaire investor Stanley Druckenmiller. Warsh’s net worth exceeds $100 million, and he is married to Jane Lauder, the billionaire granddaughter of cosmetics magnate Estée Lauder.

Warsh has been a frequent critic of the Fed, questioning everything from the size of its balance sheet and its approach to regulating banks, to the ways it uses data and communicates to the public. Warsh has also signaled at times over the last year that he’s open to lowering interest rates, though in his prior run as a Fed governor, he was known as more of a hawk, focused on inflation risks and wary of overly loose monetary policy.