{"id":2601453,"date":"2026-05-11T20:16:02","date_gmt":"2026-05-12T00:16:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/two-democrats-join-gop-to-advance-warsh-fed-nomination\/"},"modified":"2026-05-11T20:18:56","modified_gmt":"2026-05-12T00:18:56","slug":"two-democrats-join-gop-to-advance-warsh-fed-nomination","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/two-democrats-join-gop-to-advance-warsh-fed-nomination\/","title":{"rendered":"Two Democrats join GOP to advance Warsh Fed nomination"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftwo-democrats-join-gop-to-advance-warsh-fed-nomination%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2601453&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Kevin Warsh, President Donald trump\u2019s nominee to join- and perhaps chair-the federal Reserve Board of Governors, advanced toward confirmation after the Senate voted 49-44 to proceed to a final vote. A separate procedural vote for the chair position is expected next.<\/p>\n<p>During his confirmation process, Warsh faced questions about Fed independence, his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-found-economy-is-recovering-much-faster-than-officials-expected\/\" title=\"Fed Found Economy Is Recovering Much Faster Than Officials Expected\">monetary policy<\/a> views, and his finances. He emphasized that monetary policy independence is essential and said elected officials stating their views on interest rates doesn\u2019t automatically threaten that independence. He also argued that inflation in 2021-2022 reflected \u201cpolicy errors\u201d from that period.<\/p>\n<p>If confirmed, Warsh would replace fed Chair Jerome Powell, who Trump has criticized, and would be positioned to lead the Fed\u2019s June meeting. The article also notes that while the chair has influence, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/european-central-bank-delivers-forecast-beating-rate-hike-as-inflation-soars\/\" title=\"European Central Bank Delivers Forecast-Beating Rate Hike as Inflation Soars\">interest rate decisions<\/a> are made collectively by the Federal Open Market Committee (FOMC), not by the chair alone.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/kevin-warsh\/\" type=\"post_tag\" id=\"20643\">Kevin Warsh<\/a>, President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" type=\"post_tag\" id=\"4\">Donald Trump<\/a>\u2018s pick to be the next chairman of the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/federal-reserve\/\" type=\"post_tag\" id=\"726\">Federal Reserve<\/a> Board of Governors, is one step closer to confirmation.<\/p>\n<p>The Senate voted 49-44 Monday to move toward a final vote on Warsh\u2019s nomination to serve on the Fed board, with Sens. John Fetterman (D-PA) and Chris Coons (D-DE) joining Republicans. A separate procedural vote on his nomination to chair the board is expected Tuesday.<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4559925\/the-reality-underlying-april-jobs-report\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>The reality underlying April\u2019s jobs report, in facts and charts<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4559455\/job-growth-april-unemployment-trump\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Job growth beat expectations at 115,000 in April as unemployment held at 4.3%<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/4560005\/court-blocks-trump-global-tariffs-supreme-court\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Federal court blocks Trump\u2019s 10% global tariffs levied after Supreme Court loss<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p>Sens. Michael Bennet (D-CO), Steve Daines (R-MT), Bill Hagerty (R-TN), Cindy Hyde-Smith (R-MS), Ashley Moody (R-FL), Lisa Murkowski (R-AK), and Pete Ricketts (R-NE) all did not vote.<\/p>\n<div class=\"article-paywall\">\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4554459\/kevin-warsh-failure-jerome-powell-staying-markets-expecting-rate-hike\/\"><strong>KEVIN WARSH SET UP FOR FAILURE WITH POWELL STAYING ON AND MARKETS EXPECTING RATE HIKE<\/strong><\/a><\/p>\n<p>Warsh, 56, is set to replace Fed Chairman Jerome Powell, who Trump has publicly lambasted for refusing to bow to pressure from the White House to lower interest rates. Warsh had his nomination advanced through committee last month after his nomination hearing before the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/senate-banking-committee\/\">Senate Banking, Housing, and Urban Affairs Committee<\/a>.<\/p>\n<p>Warsh previously served on the Fed\u2019s Board of Governors from 2006 to 2011, during the worst of the Great Recession.<\/p>\n<p>During his confirmation hearing, Warsh faced a number of questions on his monetary policy philosophy, the independence of the Fed, his personal finances, and more.<\/p>\n<p>Powell had been under investigation by the Justice Department for claims he made during congressional testimony about cost overruns for renovations of the Fed\u2019s headquarters. But Powell argued the inquiry was an effort by Trump to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/powell-to-face-press-for-first-time-since-open-defiance-of-trump\/\" title=\"Powell to face press for first time since open defiance of ...\">influence <a href=\"https:\/\/amzn.to\/3YuVZYV\" >interest rate policy<\/a><\/a>. The DOJ later dropped the probe, but many of the questions Warsh faced were about Fed independence, in light of the situation.<\/p>\n<p>Warsh vowed repeatedly throughout the hearing that he would remain a faithful steward of the Fed\u2019s independence if he were confirmed as its next chairman.<\/p>\n<p>\u201cLet me be very clear: Monetary policy independence is essential,\u201d Warsh told the panel. \u201cMonetary policymakers must act in the nation\u2019s interest. Their decision is the product of rigor, deliberation, and unclouded decision-making.\u201d<\/p>\n<p>Still, he argued that politicians, including Trump, weighing in on interest rate policy is not necessarily a threat to Fed independence.<\/p>\n<p>\u201cI do not believe that independence of monetary policy is threatened when elected officials state their views on rates,\u201d he said. \u201cFed independence is up to the Fed.\u201d<\/p>\n<p>It is worth noting that Warsh alone cannot cut interest rates, even as chairman. That is because while the chairman leads the Fed board and messaging, interest rate decisions are up to a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-calls-on-fed-board-to-assume-control-if-powell-refuses-to-lower-interest-rates-again-washington-examiner\/\" title=\"... calls on ... to assume control if Powell refuses to lower ... rates again - Washington Examiner\">12-person board called<\/a> the Federal Open Market Committee. The FOMC decides collectively what the course of interest rate policy should be.<\/p>\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/premium\/4444937\/kevin-warsh-federal-reserve-what-to-expect\/\"><strong>WARSHACH TEST: TRUMP\u2019S FED CHAIRMAN PICK KEEPS MONETARY ANALYSTS GUESSING<\/strong><\/a><\/p>\n<p>During the hearing, Warsh vowed reform at the Fed and blamed the years of inflation on \u201ca legacy of the policy errors\u201d in 2021 and 2022 as the country was emerging from the pandemic.<\/p>\n<p>If confirmed by the full Senate, Warsh should be in place to lead the Fed\u2019s June meeting.<\/p>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kevin Warsh, Trump\u2019s Fed chair pick, inches toward confirmation after a 49-44 Senate vote<\/p>\n","protected":false},"author":3360,"featured_media":2601454,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/04\/AP26111595507562.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[32923,32663,6203,34342],"class_list":["post-2601453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-democratic-party","tag-federal-reserve","tag-gop","tag-jerome-powell"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/04\/AP26111595507562.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2601453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3360"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2601453"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2601453\/revisions"}],"predecessor-version":[{"id":2601457,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2601453\/revisions\/2601457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2601454"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2601453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2601453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2601453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}