Kevin Wersh took another step toward becoming Federal Reserve chairman on Tuesday, clearing a key Senate vote that added him to the central bank’s Board of Governors.
The upper house voted to approve Wersch’s nomination by a vote of 51–45, mostly along party-line lines. Only Senator John Fetterman, D-Pa., crossed the line to vote for President Donald Trump’s choice.
The next vote for the nominee, who previously sat on the board, is a vote to become chair, which is expected to take place on Wednesday.
Warsh’s vote also means the end of Stephen Miron’s brief tenure on the board. Miran was also Trump’s nominee and filled the seat vacated by Adriana Kugler, who resigned in August 2025.
If confirmed, Warsh, 56, will replace Jerome Powell, whose eight-year term officially ends on Friday. However, Powell’s term on the board does not end until 2028, and he has indicated that he will remain until the investigation of a renovation project at the Fed’s headquarters is completed.
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