BREAKING: Kevin Warsh CONFIRMED as Fed chair

Fox Business | May 13, 2026 at 08:16 PM UTC
Neutral 95% Confidence
Watch on YouTube

Key Points

  • The Senate has confirmed Kevin Warsh as the new Federal Reserve Chair.
  • The confirmation vote was almost entirely along party lines, with only one Democrat, Senator John Fetterman, voting in favor.
  • Former President Trump has 'aggressively pushed' for lower interest rates, a policy stance that contrasts with current Fed Chair Jerome Powell.
  • Jerome Powell's term as Chairman ends this Friday, but he plans to stay on as a Fed governor until 2028, despite perceived 'attacks' against him.

AI Summary

The video reports the Senate's confirmation of Kevin Warsh as the new Federal Reserve Chair, replacing Jerome Powell. The vote was largely along party lines, and it's noted that former President Trump had previously pushed for lower interest rates. Current Chair Jerome Powell's term ends soon, but he intends to remain a Fed governor.

Model Analysis Breakdown

Model Sentiment Confidence
Gemini 2.5 Flash Neutral 95%
Consensus Neutral 95%