Washington DC – A US Senate committee voted on Wednesday to move forward with the nomination of Kevin Warsh, who is President Donald Trump’s choice for Federal Reserve chair, amid worries about increasing political influence over the central bank.
Kevin Warsh, nominee for US Federal Reserve Chair, testifies during a Senate Banking Committee hearing on his nomination on Capitol Hill in Washington, DC, on April 21, 2026. © MANDEL NGAN / AFP
The Senate Banking Committee’s 13-11 vote puts Warsh closer to being confirmed by the full Senate, as current Fed Chair Jerome Powell’s term is set to end soon on May 15.
The lawmakers cast their votes along party lines on Wednesday morning; Republicans supported Warsh while Democrats opposed him.
Elizabeth Warren, the top Democrat on the banking committee, argued that advancing Warsh’s nomination would help the president in his “attempt to seize control of the Fed.”
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“Trump has not been subtle about his takeover,” Warren added.
She highlighted his effort to remove Fed governor Lisa Cook over mortgage fraud claims and mentioned the Trump administration’s investigation into both the Fed and Powell regarding renovation expenses at the central bank’s headquarters.
Initially, Republican Senator Thom Tillis had promised to block Warsh’s nomination if that investigation wasn’t finished.
However, after the Justice Department announced last Friday that it was dropping its inquiry, Tillis changed his mind and supported Warsh during the vote.
Now everyone will be looking forward to a press conference that Powell is expected to hold a few hours later after the independent central bank reveals its latest interest rate decision.
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“Trump has not been subtle about his takeover,” Warren added.
She highlighted his effort to remove Fed governor Lisa Cook over mortgage fraud claims and mentioned the Trump administration’s investigation into both the Fed and Powell regarding renovation expenses at the central bank’s headquarters.
Initially, Republican Senator Thom Tillis had promised to block Warsh’s nomination if that investigation wasn’t finished.
However, after the Justice Department announced last Friday that it was dropping its inquiry, Tillis changed his mind and supported Warsh during the vote.
Now everyone will be looking forward to a press conference that Powell is expected to hold a few hours later after the independent central bank reveals its latest interest rate decision.
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