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Offline 240B

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Senate Confirms Trump’s Federal Reserve Pick
« on: May 12, 2026, 04:10:08 pm »

Senate Confirms Trump’s Federal Reserve Pick

Trending Politics News
By Staff
May 12, 2026



President Donald Trump scored a major win Tuesday after the Senate confirmed Kevin Warsh to the Federal Reserve Board of Governors, clearing the way for the former central banker to potentially become the next face of the Fed.

The Senate voted 51-45 to confirm Warsh to a 14-year term on the Fed’s seven-member board, putting one of Trump’s preferred economic voices in position ahead of a separate vote later this week on whether he will officially replace outgoing Fed Chair Jerome Powell.

The confirmation marks a pivotal moment in Trump’s long-running battle with Powell over interest rates and monetary policy. Trump has repeatedly blasted Powell for refusing to slash rates more aggressively, once calling him a “moron” and a “stubborn mule” as the White House pushed for looser policy to stimulate growth.

The vote also intensifies scrutiny over the Federal Reserve’s future direction as Trump attempts to reshape the central bank with allies more aligned with his economic agenda.

Warsh, 55, is no stranger to the Fed. The Stanford University and Harvard Law School graduate previously served as a Fed governor from 2006 through 2011, including during the height of the global financial crisis. Since leaving the central bank, he has worked at Stanford’s Hoover Institution and advised billionaire investor Stanley Druckenmiller.

Trump allies have increasingly rallied around Warsh as a steady but reform-minded choice to lead the central bank after Powell’s term as chair expires Friday.

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https://trendingpoliticsnews.com/just-in-senate-confirms-trumps-federal-reserve-pick-jrupp/
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Offline IsailedawayfromFR

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Re: Senate Confirms Trump’s Federal Reserve Pick
« Reply #1 on: May 12, 2026, 06:53:48 pm »
Kick that bum Powell out the door, literally.
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Offline Fantom

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Re: Senate Confirms Trump’s Federal Reserve Pick
« Reply #2 on: May 12, 2026, 06:56:18 pm »
 
Quote from: IsailedawayfromFR on May 12, 2026, 06:53:48 pm
Kick that bum Powell out the door, literally.

Absolutely... and prosecute.
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