US Senate panel approves Warsh as new Fed chair, as Americans struggle with soaring costs
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Kevin Warsh, U.S. President Donald Trump's nominee for chair of the Federal Reserve, testifies during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, D.C. (Photo by Andrew Harnik/Getty Images)WASHINGTON — President Donald Trump’s pick to lead the Federal Reserve was one step closer to the job Wednesday after North Carolina Republican U.S. Sen. Thom Tillis cast the deciding vote to advance Kevi
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