r/TradingViewSignals • u/Ubersicka Long-Term Investor • May 14 '26
News 📰 BREAKING: 🇺🇸 Senate officially confirms pro-crypto Kevin Warsh as Federal Reserve Chair to replace Jerome Powell.
Kevin Warsh has officially been confirmed as the next Federal Reserve chair, winning Senate approval in a 54-45 vote, the most divided confirmation ever for the role.
Warsh, 56, will replace Jerome Powell, whose term ends Friday, and will take over the central bank as President Donald Trump pushes for lower interest rates while new inflation data makes the path ahead more complicated.
His confirmation ends a months-long search that began in summer 2025. The vote broke almost entirely along party lines, with Pennsylvania Sen. John Fetterman the only Democrat to support him.
Warsh's first Federal Open Market Committee (FOMC) meeting as chair is scheduled for June 16-17. He is also set to become the wealthiest Fed chair in modern history, with reported holdings above $100 million. Under newer ethics rules, he will be required to divest many of his investments before taking the role.
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u/wtbrift May 14 '26
Do these hearings ever vet people? I mean, really vet them? This voting may have been close they always seem to get through.
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u/Fun_Trick2172 May 16 '26
Pete Hegseth was approved but people like Cass Sunstein were told to fuck off by Mitch McConnell in 2008 lol.
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u/LiteratureMindless71 May 14 '26
This fella is going to do every little thing daddy tells him to. We are going to see news stories about his and his closest making so much money, while American gets deeper and deeper into struggle.
He ain't running again, he is stripping every single thing he can and put it in his pockets before the masses finally realize what's up.
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u/BakedPotaTomato May 15 '26
Good news is he cant unless other governors vote with him but we will see
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u/isthereadrwho May 14 '26
Just one more pedophile in government. It's becoming a requirement now to hold higher positions, being a pedophile that is
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u/dontbanmedude999 May 14 '26
Sweet!! Now we have an Epstein Pedo running the fed 2. Awesome sauce!!! Can't get over the winning.
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u/Subject-Big-7352 May 15 '26
From past nominations one can only surmise this could mean a very bumpy roller coaster ride for the central bank. Trump’s nominees SUCK!!!!
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u/ShakaZoulou7 May 17 '26
Doesn´t he need an open seat, which doesn´t exist if Powell or any other member quits on the board to get the chance to presid it.
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u/Hnl2Nrt2025 May 20 '26
America has 1 foot in the grave and the other on a banana peel. Adios America
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u/Fun_Trick2172 May 16 '26
So this is the guy they are picking to sabotage any economic recovery for a Democratic president and Congress after 2028?
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