The U.S. Senate officially confirmed Kevin Warsh's appointment as a member of the Federal Reserve (Fed) Board of Governors on the 12th (local time) with 51 votes in favor and 45 against. His term is 14 years, succeeding Steven Miran, with the term beginning on February 1st of this year. The Senate also initiated the 4-year term confirmation process for Warsh to serve concurrently as Fed Chairman, conducting a cloture vote, which means his confirmation as Chairman could be approved as early as the 14th (local time). The term of current Chairman Jerome Powell ends on the 16th.
