Banking Committee confirms nomination in split vote; decision goes to the Senate plenary and depends on a simple majority
The US Senate Banking Committee approved this Wednesday (April 29, 2026) the nomination to chair the (Federal Reserve). The score was 13 votes in favor and 11 against. Warsh, who was a former Fed advisor (2006-2011), received unanimous support from Republicans on the board, while all Democrats voted against, in a decision aligned with party divisions.
The nomination will still be analyzed by the Senate plenary, where it needs a simple majority among the 100 senators to be confirmed. As Republicans control the House, approval is expected. The information is from .
Appointed by the North American president (Republican Party), Warsh should replace him at the end of the current period in command of the North American central bank, which runs until May 15, 2026. Powell had also been nominated by the Republican, but in his first term. He was reappointed by (Democratic Party).
WHO IS KEVIN WARSH
Warsh is an economist and was a member of the Fed’s board of governors from 2006 to 2011. He gained prominence during the 2008 financial crisis, when he served as one of the central bank’s main interlocutors with Wall Street, participating in responses to the turmoil in the financial system.
Before that, he built a career in the private sector, with a stint at Morgan Stanley, and also served in the (Republican Party) government as an economic advisor in the White House.
After leaving the Fed, Warsh began to dedicate himself to academia and economic analysis, with a connection to Stanford University. In recent years, it has been critical of more expansionary monetary policies, defending greater rigor in controlling inflation and more cautious action by the central bank.
