#WarshConfirmedMay15

About WarshConfirmedMay15

The Senate confirmed Warsh as Fed Governor (14-year term) 51-45, with only Pennsylvania Democrat Fetterman crossing party lines. Full chair confirmation vote moves forward this week. Powell stays on until Warsh completes all steps; effective power transfer: May 15. Markets read Warsh as more explicitly hawkish than Powell. Combined with April CPI at 3.8% beating expectations, rate cut hopes for 2026 have evaporated. Some traders are now pricing in the possibility of a hike.