Both the House and Senate are back in session this week. Two Democratic Senators on Monday joined Republicans in voting to advance the nomination of Kevin Warsh to the Federal Reserve Board of Governors, backing President Donald Trump’s nominee for chair of the Federal Reserve. The upper chamber voted to advance Warsh’s nomination to the Fed’s board, setting him up to be confirmed in the coming days to replace Jerome Powell, whose term expires on Friday. Warsh’s nomination was advanced in a 49-44 vote. The Senate is expected to immediately start the confirmation process for Warsh’s concurrent four-year term as Fed chair, holding a so-called cloture vote that starts a countdown toward approving him for the leadership post as soon as Wednesday before Powell’s term as chair ends on Friday. The Fed chair has one of 12 votes on the interest-rate-setting Federal Open Market Committee, and is one of 19 voices at the policy-setting table. The Fed’s next meeting, likely its first chaired by Warsh, is scheduled for June 16-17.
For the rest of today, among other possible votes, the Senate is expected to take up final Confirmation of Executive Calendar #728 Kevin Warsh, of Florida, to be a Member of the Board of Governors of the Federal Reserve System for a term of fourteen years from February 1, 2026.
The House is expected to consider up to ten bills under suspension of Rules from the Financial Services and Judiciary committees including H.R. 2071 – Save Our Shrimpers Act.
Adam S. Olsen, Washington, D.C.
