BackECONOMY
Kevin Warsh confirmed as Fed chair; official takeover set for May 14, 2026 and first FOMC meeting June 16-17
The Senate confirmed Kevin Warsh as the next chair of the Federal Reserve in a 54-45 vote. He will officially take over on May 14, 2026, and is expected to lead his first Federal Open Market Committee meeting on June 16-17, 2026, amid debates over inflation, rates, and central bank independence.
Why It Matters
Warsh’s leadership could signal a shift in the Fed’s approach to inflation and transparency, and his relationship with President Trump may shape the central bank’s independence and policy direction.
Timeline
3 Events
First FOMC meeting under Warsh scheduled for June 16-17, 2026
May 13, 2026
Warsh is expected to lead his first Federal Open Market Committee meeting on June 16-17, 2026.
Official takeover date set for May 14, 2026
May 13, 2026
Warsh will officially take over as Fed chair on May 14, 2026, marking the transfer of leadership at the central bank.
Senate confirms Kevin Warsh as Fed chair
May 13, 2026
The Senate approved Kevin Warsh as the next chair in a 54-45 vote, confirming his nomination. He will officially take over as Fed chair on May 14, 2026, replacing outgoing Fed chair Jerome Powell at the end of Powell's term.