The U.S. Senate Committee on Banking, Housing and Urban Affairs has advanced Kevin Warsh’s nomination, President Trump’s pick to serve as the next Governor and Chair of the Federal Reserve. The nomination now moves to the full Senate for consideration. In opening remarks, Chairman Tim Scott said Warsh’s previous service as a Federal Reserve Governor during the financial crisis made him prepared to lead the central bank. Scott also framed the nomination around inflation, interest rates and the need for a Federal Reserve that, in his view, is more responsive to American families than to political pressures.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-04-29
U.S. Senate Committee on Banking, Housing and Urban Affairs advances Kevin Warsh nomination to lead the Federal Reserve
The U.S. Senate Committee on Banking, Housing and Urban Affairs has advanced Kevin Warsh’s nomination to serve as Governor and Chair of the Federal Reserve, moving it to the full Senate for consideration. Chairman Tim Scott highlighted Warsh’s prior experience as a Federal Reserve Governor during the financial crisis and emphasized the need for a central bank focused on inflation, interest rates and responsiveness to American families.