{"id":72,"date":"2026-05-13T21:37:03","date_gmt":"2026-05-13T21:37:03","guid":{"rendered":"https:\/\/northcarolinamovingjournal.com\/?p=72"},"modified":"2026-05-13T21:37:03","modified_gmt":"2026-05-13T21:37:03","slug":"us-senate-approves-warsh-trumps-pick-to-replace-powell-as-fed-chair","status":"publish","type":"post","link":"https:\/\/northcarolinamovingjournal.com\/?p=72","title":{"rendered":"US Senate approves Warsh, Trump\u2019s pick to replace Powell as Fed chair"},"content":{"rendered":"
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WASHINGTON \u2014 Kevin Warsh will officially take the lead at the Federal Reserve after U.S. senators voted Wednesday to confirm the economist and former central bank governor to replace Chair Jerome Powell.<\/p>\n

Read more NC Republican leaders announce end to state budget impasse<\/a><\/p>\n

Senators approved Warsh\u00a054-45 nearly along party lines. Democratic Sen. John Fetterman, D-Pa., broke ranks with his party to join Republicans in support of Warsh\u2019s nomination. Sen. Kirsten Gillibrand, D-N.Y., did not vote.<\/p>\n

Warsh, of Florida, takes the helm after President Donald Trump spent most of his second term haranguing and threatening to fire Powell if he did not lower interest rates.<\/p>\n

Trump is also tangled in litigation over his firing last summer of Fed Governor Lisa Cook. The U.S. Supreme Court is currently\u00a0reviewing whether Trump\u2019s dismissal of Cook exceeded his presidential authority.<\/p>\n

Trump administration investigation of Fed Chair Jerome Powell scrapped<\/p><\/blockquote>\n