Story perspectives

Senate Banking Committee 13-11 votes Warsh Fed Chair

5/2/2026

Summary

Story summary

The Senate Banking Committee voted 13-11 along party lines to advance Kevin Warsh’s nomination as Federal Reserve chair.
Sen. Elizabeth Warren said the vote was the committee’s first fully partisan Fed-chair vote.
Warsh pledged to end forward guidance, retire the dot plot, and stop post-meeting press conferences.
Treasury Secretary Janet Yellen noted Fed Chair Jerome Powell will make his final rate decision before his term ends on May 15, keeping rates near 3.6 %.

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Story summary

The Senate Banking Committee voted 13-11 along party lines to advance Kevin Warsh’s nomination as Federal Reserve chair.
Sen. Elizabeth Warren said the vote was the committee’s first fully partisan Fed-chair vote.
Warsh pledged to end forward guidance, retire the dot plot, and stop post-meeting press conferences.
Treasury Secretary Janet Yellen noted Fed Chair Jerome Powell will make his final rate decision before his term ends on May 15, keeping rates near 3.6 %.