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Kiplinger
Kiplinger
Business
Sean Jackson

What the New Fed Chair Means for Savers

US Federal Reserve Kevin Warsh Donald Trump Jerome Powell The Board of Governors the Federal Reserve
(Image credit: Tom Williams/CQ-Roll Call, Inc via Getty Images)

President Donald Trump nominated Kevin Warsh, a former governor of the Federal Reserve, to be the next head of the Fed back in January. On Wednesday, Warsh received confirmation from the Senate, which voted 54-45 to make Warsh the next Fed chair.

Warsh served on the Federal Reserve Board of Governors from 2006 to 2011, after being nominated by President George Bush. On the Fed chair selection, President Donald Trump said in a social media post, "I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best."

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