[U.S. Senate Approves Kevin Warsh as Federal Reserve Chair] According to a report by Golden Finance, on May 14, the U.S. Senate confirmed Kevin Warsh as the Federal Reserve Chair with a vote of 54 to 45. Previously, on May 12, the Senate had approved Warsh to serve as a Federal Reserve Governor for a 14-year term. Following the approval of his chairmanship on May 13, Warsh will officially assume office after completing the relevant signing procedures at the White House, succeeding the current chair Jerome Powell, whose term ends this Friday (May 15). However, Powell is expected to remain as a Federal Reserve Governor. This vote marked one of the most partisan divisions in history: only one Democrat—Pennsylvania Senator John Fetterman—joined the Republican majority in voting in favor.