Event Overview
Fed Chair Pick Kevin Warsh Wins Key Senate Committee Vote
Kevin Warsh, nominated by President Trump to be the next chair of the Federal Reserve, has advanced through the Senate Banking Committee with a 13-11 party-line vote. This vote positions him for a full Senate confirmation before Jerome Powell's term ends on May 15. The nomination process has been marked by political tensions, particularly regarding Trump's criticisms of Powell's handling of interest rates. The earliest the full Senate could vote on Warsh's nomination is May 11, according to multiple sources.
Warsh's confirmation could significantly influence Federal Reserve policy, particularly in relation to interest rates, as he is expected to align more closely with Trump's economic agenda, according to the New York Post.
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Bloomberg
7/10Factual: mostly-factual · Credibility: high
The Hill
8/10Factual: high · Credibility: high
CNBC
7/10Factual: mostly-factual · Credibility: high
ABC News
8/10Factual: high · Credibility: high
New York Post
5/10Factual: mixed · Credibility: medium
Al Jazeera
5/10Factual: mixed · Credibility: medium
BBC News
8/10Factual: high · Credibility: high
Fed Chair Pick Kevin Warsh Wins Key Senate Committee Vote
Kevin Warsh, President Donald Trump’s nominee to be the next chair of the Federal Reserve, won the backing of the Senate Banking Committee Wednesday on a 13-11 party-line vote, putting him on track to be confirmed by the full Senate before Jerome Powell’s term ends May 15.
Senate panel advances Trump Fed chair pick Kevin Warsh
The Senate Banking Committee voted Wednesday to advance Kevin Warsh’s nomination to lead the Federal Reserve, just days after the Department of Justice (DOJ) said it was dropping its criminal probe into Fed Chair Jerome Powell. The panel voted 13-11 along party lines to send Warsh’s nomination to the full Senate.
Trump Fed pick Kevin Warsh clears key Senate hurdle, teeing up final vote
Current Fed Chair Jerome Powell has faced a barrage of criticism from Trump over his refusal to slash interest rates as much as the president wants.
Warsh Wins Key Senate Committee Vote to Be Next Fed Chair
Kevin Warsh won the backing of the Senate Banking Committee on a 13-11 party-line vote to be the next chair of the Federal Reserve. Mike McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)
Fed chair nominee Kevin Warsh advances to Senate confirmation vote
Last week, investigators moved to drop their probe into Fed Chair Jerome Powell. A Senate committee on Wednesday voted to advance Fed chair nominee Kevin Warsh, clearing a key hurdle in his path to replace Fed Chair Jerome Powell before his term ends next month. Warsh's nomination will move to a confirmation vote on.
Fed chief nominee Kevin Warsh clears key hurdle in Senate, on track to succeed Jerome Powell
Kevin Warsh, President Trump’s pick to lead the Federal Reserve , cleared a key procedural hurdle on Wednesday, opening the way for him to succeed Jerome Powell in coming weeks amid the White House’s unprecedented efforts to exert control over the world’s most powerful central bank. The Senate Banking Committee voted.
Senate panel advances Kevin Warsh’s nomination for US Fed chair
Kevin Warsh has passed a major hurdle to become the next chair of the United States Federal Reserve. Warsh, US President Donald Trump’s handpicked choice to succeed current chairman Jerome Powell, whose term is set to end on May 15, was approved by the Senate Banking Committee on Wednesday. The committee voted along.
'Numbskull, moron and too stupid': Trump and Powell's biggest clashes
It has been one of the most fractious relationships between an American president and a central banker in history. Since returning to the White House, Donald Trump has repeatedly attacked Federal Reserve chair Jerome Powell - mainly because interest rates have not fallen as quickly as the 47th president of the US.