News/Management/May 13, 2026

Senate confirms Kevin Warsh as Fed chair by 54-45, most divisive vote since 1913

The Senate confirmed Kevin Warsh as Federal Reserve chair on May 13, 2026 by a 54-45 vote, with Fetterman again the only Democrat backing him. He takes a four-year chair term and succeeds Jerome Powell, whose chair term ended in mid-May. The first meeting under Warsh was set for June 16-17.

  • Chair confirmation: 54-45 on May 13, 2026
  • Chair term: four years
  • Next FOMC meeting after confirmation: June 16-17, 2026
Source
Real Estate News
May 13, 2026
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