Warsh Confirmed to Fed Board, Still Awaiting Vote on Chair Post

The Senate confirmed Kevin Warsh’s nomination to the Federal Reserve Board of Governors Tuesday, with the chamber expected to confirm him separately as chair later this week.

The 51-45 Senate vote Tuesday grants Warsh a 14—year term on the central bank’s board. The Senate then cleared a procedural hurdle to pave the way for a vote on Warsh’s confirmation to succeed Jerome Powell as chairman.