moneyMay 12
The $6.7 Trillion Gatekeeper: Senate Ignores Wall Street Ties to Confirm Fed Chair
Kevin Warsh just cleared the final hurdle to lead the Federal Reserve, but his path to the chairmanship isn't without controversy. On May 12, 2026, the Senate confirmed him for a 14-year term as a Governor, set to be followed by a vote to make him Chair on May 13. While his Wall Street ties suggest he knows the markets, his sudden shift from an inflation hawk to a Trump-friendly dove has critics worried. Senator Elizabeth Warren is still demanding answers about undisclosed assets from his private sector days. At its core, this is about who manages a $6.7 trillion balance sheet that dictates the cost of living for every American.