Jerome H. Powell is passing the chair’s baton to Kevin M. Warsh at the Federal Reserve, an institution that President Trump’s pick says needs an overhaul.

The Senate confirmed Kevin Warsh as Federal Reserve Chair in a 54–45 vote. Warsh will replace Jerome Powell, whose term as Chair ends on May

The Senate confirmed former finance executive and former Federal Reserve Governor Kevin Warsh as the U.S. central bank’s new chair May 13.

Tomorrow, May 15, will mark the final day of Jerome Powell's tenure as Fed chair and the expected beginning of Kevin Warsh's first term as head of the Fed. Warsh's five years on the Board of Governors of the Federal Reserve (Feb.

National Economic Council Director Kevin Hassett said Monday that he expects Federal Reserve Chair Jerome Powell to leave the central bank’s board of governors if he is “happy” with a forthcoming internal report on the Fed’s renovations,