Donald Trump · US Senate · Kevin Warsh · Jerome Powell · Federal Reserve (FED) · The Block
Senate votes to confirm Trump-pick Kevin Warsh to succeed Jerome Powell as Fed Chair
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The Senate voted to confirm President Donald Trump's pick for Federal Reserve Chair Kevin Warsh, ushering in a crypto-friendly leader to the central bank.
Key facts
- On Tuesday, the Senate voted 51-45 to confirm Warsh as a member of the Fed's Board of Governors for a 14-year term
- Warsh previously served on the Federal Reserve's Board of Governors from 2006 to 2011 under Presidents George W
- On Wednesday, the Senate voted 54-45 for Warsh's nomination, who will serve a term of four years
- The Senate voted to confirm President Donald Trump's pick for Federal Reserve Chair Kevin Warsh, ushering in a crypto-friendly leader to the central bank
Summary
On Wednesday, the Senate voted 54-45 for Warsh's nomination, who will serve a term of four years. On Tuesday, the Senate voted 51-45 to confirm Warsh as a member of the Fed's Board of Governors for a 14-year term. Warsh previously served on the Federal Reserve's Board of Governors from 2006 to 2011 under Presidents George W. Financial disclosures released during the nomination process revealed that Warsh holds investments tied to several crypto companies and projects, including decentralized derivatives exchange dYdX, decentralized exchange protocol Lighter, venture capital firm Polychain Capital, NFT company Dapper Labs, as well as direct exposure to native tokens for Solana and Optimism, among other holdings.