Kevin Warsh Confirmed as Federal Reserve Chair

Exam-focused facts from the 14 May 2026 current affairs briefing.

Key facts

Kevin Warsh was confirmed by the Senate on May 13 as the chair of the Federal Reserve (Fed).
He replaces Jerome Powell as the chair of the Fed.
Warsh was confirmed to a new 14-year term on the Fed's Board of Governors on May 12.
He will serve a four-year term as chair.
Warsh previously served on the Fed's Board of Governors from 2006 to 2011.