Kevin Warsh took another step towards becoming Federal Reserve chair on Tuesday, clearing a key Senate vote that puts him on the central bank Board of Governors.
The upper chamber voted to approve Warsh’s nomination by a 51-45 vote, on a mostly party-line basis. Only Sen. John Fetterman, D-Pa., crossed lines to vote for President Donald Trump’s pick.
Next up for the nominee, who sat on the board rom 2006-11, is the vote to be chair, which is expected Wednesday.
Terms for governors last 14 years, while the chair’s term goes for four years.
Warsh’s vote also means the end of Stephen Miran’s brief term on the board. Miran also was a Trump nominee and filled the seat vacated by Adriana Kugler, who resigned in August 2025.
Assuming confirmation, Warsh, 56, will take over for Jerome Powell, whose eight-year stint at the helm will officially end Friday. However, Powell’s term on the board doesn’t end until 2028, and he has indicated he will stay on until a probe into a renovation project at the Fed’s headquarters is completed.
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