President Donald Trump will swear in Kevin Warsh as the new Federal Reserve chair on Friday, according to CNBC.
The confirmation follows a Senate vote on Wednesday that cleared the way for Warsh to assume the role, a process that began in the summer of 2025.
The 51-45 vote, largely split along party lines, underscores the political dynamics surrounding the central bank's leadership transition.
Warsh's appointment is expected to influence monetary policy direction, with investors and analysts assessing how his tenure might shape inflation control, interest rates, and economic growth.
The Federal Reserve's next steps in managing the economy will be a focal point for markets in the coming months.
The transition comes amid ongoing debates about the central bank's role in stabilizing the economy and addressing inflationary pressures.