Senate Banking Committee advances Kevin Warsh's nomination for Fed chair
The Senate Banking Committee advanced Kevin Warsh's nomination to become the next Federal Reserve chair, voting along party lines to send the nomination to the Senate floor. Warsh, President Trump's pick, is expected to be confirmed and assume the role in June following Jerome Powell's departure. The nomination moved forward after a Justice Department investigation into Powell was dropped, removing a potential obstacle.
Opening excerpt (first ~120 words) tap to expand
MoneyWatch Senate Banking Committee advances Kevin Warsh's nomination for Fed chair .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham Updated on: April 29, 2026 / 4:48 PM EDT / CBS News Add CBS News on Google The Senate Banking Committee voted on Wednesday morning to advance the nomination of Kevin Warsh, President Trump's pick to lead the Federal Reserve, bringing him a step closer to taking the helm of the central bank after Jerome Powell steps down as chair next month.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Cbsnews.
Discussion
0 commentsMore from Cbsnews
