The Latest Breaking News from Jerome Powell

US Senate confirms Kevin Warsh as Federal Reserve chair, replacing Jerome Powell

Warsh will serve four-year term as chair, taking over amid rising inflation and pressure from Trump to lower rates

The Guardian - US · May 13

Trump Fed chair nominee Kevin Warsh is confirmed by Senate as Jerome Powell vows to stay on board

Kevin Warsh stressed that the president did not make him pledge to cut interest rates to secure his nomination to head the Federal Reserve

The Independent UK · May 13

Warsh confirmed to lead Federal Reserve

The Senate confirmed Kevin Warsh on Wednesday to become chairman of the Federal Reserve for a four-year term.  The 54-45 vote concludes the process two days before Fed Chair Jerome Powell’s term ends. The Senate confirmed Warsh on Tuesday to a 14-year term on the board, effective as of Feb. 1, 2026.…

Roll Call · May 13

US Senate approves Kevin Warsh for Fed Board, chair confirmation next

The Senate has confirmed Kevin Warsh to the Federal Reserve Board of Governors. A vote for his chairmanship is expected soon. This confirmation follows a lifted blockade by Senator Thom Tillis. The move comes as President Trump pushes for lower interest rates. Inflation is currently surging, presenting a challenge for…

The Economic Times · May 12

Senate Confirms Kevin Warsh As Fed Governor, Another Step Toward Becoming Chair

The Senate on Tuesday confirmed Kevin Warsh as governor of the Fed, taking another step towards replacing Jerome Powell as chair of the central bank.

International Business Times · May 12

Senate confirms Kevin Warsh to US Federal Reserve Board; Fed chair vote likely on Wednesday

Kevin Warsh is officially stepping into the role of a Federal Reserve governor, primed to steer the US central bank through turbulent political waters. As he prepares for this pivotal leadership role, Warsh is contemplating a strategic overhaul at the Fed, particularly looking to enhance collaboration with the Treasury.

The Economic Times · May 12

Iran war pushes US inflation to 3.8% as petrol prices surge

US consumer prices rose 3.8% in April as the Iran war drove petrol costs up 28% in a year, with real wages falling for the first time in three years, according to government data.

Euronews · May 12

Inflation rises to its highest level since 2023 as fuel costs surge amid Iran war

The consumer price index climbed 3.8% from last month

The Independent UK · May 12

Why Kevin Warsh might still prove to be an independent Federal Reserve chair

Kevin Warsh is now likely to secure Senate approval on May 13, 2026, as the next Federal Reserve chair – and become arguably the most powerful central banker in the world. But when Warsh appeared before the Senate Banking Committee for his confirmation hearing in April, one punchy question underscored…

The Conversation · May 12

US consumer prices rise 3.8% as Iran war sends energy prices higher

U.S. consumer prices climbed a sharply again last month as the 10-week war with Iran pushed energy prices higher

The Independent UK · May 12