Senate Confirms Kevin Warsh as Federal Reserve Chair
John Fetterman was the only Democratic Senator to approve Warsh's nomination.
This week, the U.S. Senate held recorded votes to confirm one individual nominated by President Donald Trump to lead an independent agency within the federal government - specifically the Federal Reserve Board of Governors.
Kevin Warsh was confirmed as a Member of the Board of Governors of the Federal Reserve System for a term of fourteen years from February 1, 2026. The position has been held by Stephen Miran since September 2025. Warsh was separately confirmed to serve concurrently as the Federal Reserve Chair for a term of four years from May 2026. That position has been held by Jerome Powell since February 2018.
The confirmation vote yesterday for Warsh to serve as a Member of the Federal Reserve Board was 51-45. The separate vote today for him to become Federal Reserve Chair was 54-45. John Fetterman of Pennsylvania was the only Democrat to join every Republican Senator in approving Warsh’s nomination.
Warsh was nominated to this position by Trump in January 2026. This marks his return to the Federal Reserve Board of Governors after serving as a member from February 2006 to March 2011.
Warsh graduated with a bachelor’s degree in public policy from Stanford University in 1992 and a Juris Doctor from Harvard Law School in 1995. In August 1996, he became an associate at Morgan Stanley in New York City working on mergers and acquisitions. He was later promoted to Vice President and Executive Director of Investment Banking.
In April 2002, Warsh was named Special Assistant to President George W. Bush for Economic Policy and Executive Secretary of the National Economic Council. In this position, he served as White House liaison to the Federal Deposit Insurance Corporation, the Commodity Futures Trading Commission, and the Securities and Exchange Commission.
After leaving the Federal Reserve Board in 2011, Warsh became a partner at the Duquesne Family Office, the firm of Stanley Druckenmiller. He later served on the board of directors for United Parcel Service and Coupang. He also had stints as the Shepard Family Distinguished Visiting Fellow at the Hoover Institution and a visiting scholar at the Stanford Graduate School of Business. At the time of his nomination to Federal Reserve Chair, he has an estimated wealth of over $100 million in assets.