"Warsh has called the central bank's handling of the inflation cycle that peaked at 9.1% in 2022 the Fed's biggest policy mistake in four decades."
"Warsh has signaled he wants a regime change at the Fed, including potential shifts in the inflation framework, balance-sheet management, and a narrower interpretation of the central bank's dual mandate."
The Senate Banking Committee voted 13-11 to advance Kevin Warsh's nomination for Fed Chair on April 29, 2026. All Republicans supported the nomination while all Democrats opposed it. Sen. Thom Tillis lifted his hold after the DOJ closed its investigation into Jerome Powell. Warsh, a former Fed Board member, has criticized recent Fed policies and aims for significant changes if confirmed. The full Senate is anticipated to confirm Warsh before Powell's term ends on May 15, 2026.
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