Senate Banking Committee to vote to clear Warsh’s nomination as US Fed chair
By Neil Roland ( April 28, 2026, 21:53 GMT | Insight) -- The Senate Banking Committee is set to vote Wednesday to forward the controversial nomination of Kevin Warsh to be US Federal Reserve chair to the Republican-controlled Senate for confirmation by May 15. That mid-May date is the end of Fed Governor Jerome Powell’s term as chair, though he can continue as a governor through January 2028. President Donald Trump has repeatedly assailed Powell, often personally, for not leading a more aggressive effort to lower interest rates. The ice in the partisan stand-off broke Sunday when Republican Senator Thom Tillis said he would back down from his stand against Warsh’s nomination.The Senate Banking Committee is set to vote Wednesday to forward the controversial nomination of Kevin Warsh to be US Federal Reserve chair to the Republican-controlled Senate for confirmation by May 15....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.