Kevin Warsh faces Senate vote to become Federal Reserve chair

13 articles · Updated · Reuters · Apr 29

The Senate is set to vote on Warsh's confirmation as Jerome Powell prepares to step down, with Powell's term ending May 15 and no policy changes expected until 2027.
Markets remain cautious amid uncertainty over Warsh's approach, especially as President Trump pressures for aggressive rate cuts and the FOMC appears increasingly divided.
Debate continues over Powell's legacy defending Fed independence, while global markets also monitor U.S.-Iran tensions and tech sector concerns following OpenAI's missed targets.

Will the new Fed Chair's hawkish past clash with his promises for lower interest rates?

With the Fed deeply divided on rate policy, who is actually in control of the economy?

With the U.S. blockade of Iran, is the world on the brink of a major energy war?

OpenAI missed its targets. Is the AI gold rush already starting to fade for its pioneers?

Is the AI industry's massive debt hiding a financial crisis bigger than the dot-com bubble?