Colby Smith: Warsh confirmed as next Fed chair as U.S. inflation rises

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Ivan Andriyenko

13.05.2026

Colby Smith: Warsh confirmed as next Fed chair as U.S. inflation rises — Senate confirms Warsh as Fed chair

Colby Smith reports that the Senate has voted 54-45 to confirm Warsh as the next chair of the Federal Reserve. Warsh is set to take over at a challenging moment, as U.S. President Donald Trump is pushing for lower interest rates, yet the case for rate cuts has become weaker due to increased inflation following the war in Iran.

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Warsh previously committed to divesting more than $100 million in assets before his Senate Banking Committee hearing. He has also said he would focus on reducing the Federal Reserve's role in financial markets. Both moves have drawn scrutiny as he steps into the chair’s role.

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