Story perspectives

Banking Committee advances Trump’s Fed pick Warsh 13-11

4/29/2026

Summary

Story summary

Banking Committee voted 13-11 to advance President Donald Trump’s Federal Reserve (Fed) chair nominee Kevin Warsh, a first partisan vote.
Senator Elizabeth Warren warned that confirming Warsh would erode Federal Reserve independence.
After Department of Justice (DOJ) dropped its probe into Fed Chair Jerome Powell’s overruns, Senator Thom Tillis withdrew his opposition.
The Senate will vote the week of May 11, before Powell’s term ends May 15, in partisan confirmation to date.

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Story summary

Banking Committee voted 13-11 to advance President Donald Trump’s Federal Reserve (Fed) chair nominee Kevin Warsh, a first partisan vote.
Senator Elizabeth Warren warned that confirming Warsh would erode Federal Reserve independence.
After Department of Justice (DOJ) dropped its probe into Fed Chair Jerome Powell’s overruns, Senator Thom Tillis withdrew his opposition.
The Senate will vote the week of May 11, before Powell’s term ends May 15, in partisan confirmation to date.