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Warsh Confirmed as Fed Chair With Lowest Senate Support on Record

Kevin Warsh won confirmation as Federal Reserve chair Wednesday with just 54 Senate votes, marking the weakest support any Fed leader has received since the position became Senate-confirmed in 1977. Only one Democrat, Sen. John Fetterman of Pennsylvania, voted to confirm the 56-year-old. The previous low was Janet Yellen's 56 votes in 2014. Warsh faces a polarized political environment while pursuing promised structural changes at the central bank. His confirmation concludes an 8½-year effort by President Trump to reverse his 2017 decision to appoint Jerome Powell instead of Warsh. Markets have questioned whether Warsh will maintain independence from political pressure or shift Fed policy toward Trump's preferences. His success may depend on building collaborative relationships despite limited congressional backing.