Donald Trump · US Senate · Bitcoin · Kevin Warsh · Federal Reserve (FED) · CLARITY Act · Bitcoin Magazine
Senate Confirms Bitcoin Friendly Kevin Warsh As Fed Chair Ahead of Clarity Act Vote
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The Senate has confirmed Bitcoin-friendly former Fed governor Kevin Warsh as Federal Reserve chair, setting the stage for a potential shift in U.S. monetary policy one day before lawmakers vote on the crypto market structure Clarity Act.
Key facts
- The chamber voted 54–45 to confirm Warsh, 56, making him the 11th Fed chair of the modern banking era and the wealthiest person ever to hold the position
- His return comes at a far more turbulent moment: the Fed is grappling with persistent inflation above its 2% target, economic fallout from the war in Iran, and a looming Supreme Court fight
- The Senate has confirmed Bitcoin-friendly former Fed governor Kevin Warsh as Federal Reserve chair, setting the stage for a potential shift in U.S. monetary policy one day before lawmakers vote
- Warsh takes over from Jerome Powell, whose four-year term as chair expires Friday, though Powell is not departing the Fed entirely, as he retains his seat as a board governor through 2028
Summary
The Senate on Wednesday confirmed Kevin Warsh as the next chair of the Federal Reserve in the most divisive confirmation vote in the central bank’s modern history, handing President Donald Trump a landmark win as fresh inflation data clouds the path to the interest rate cuts he has loudly demanded. The chamber voted 54–45 to confirm Warsh, 56, making him the 11th Fed chair of the modern banking era and the wealthiest person ever to hold the position.