Warsh moves closer to Fed role with Senate cloture vote

[BumRushDaShow]

Source: Roll Call

Posted May 11, 2026 at 7:35pm


The Senate moved a step closer to confirming Kevin Warsh, the nominee for chairman of the Federal Reserve Board, with a procedural vote Monday. The Senate voted 49-44 to invoke cloture on Warsh’s nomination to the Fed board. The chamber will later need to take a distinct vote on his separate nomination as chair. Confirmation to both roles is expected this week. Sens. John Fetterman, D-Pa., and Chris Coons, D-Del., who voted to invoke cloture, were the only senators to cross party lines.

Warsh is slated to replace Jerome Powell, whose term as Fed chair ends on Friday. Powell, in a departure from recent Fed practice, said he will remain on the board because of uncertainty over whether the Justice Department will reopen an investigation into the cost of renovations at the Fed headquarters. Powell’s term on the board ends in 2028.

The Senate’s procedural step comes amid President Donald Trump’s effort to get the Fed to lower interest rates. The DOJ’s investigation of the renovation cost was widely seen as part of the campaign to pressure Powell on monetary policy. But that effort backfired when Sen. Thom Tillis, R-N.C., said he would oppose any Fed nominee until the investigation was dropped.

When the DOJ said it would drop the probe and leave it to the Fed’s inspector general to examine the costs, Tillis ended his opposition to Warsh. Tillis’ vote in the Senate Banking Committee on April 29 helped get the nominee to the floor this week.

Read more: https://rollcall.com/2026/05/11/warsh-moves-closer-to-fed-role-with-senate-cloture-vote/

[displacedvermoter]

1. Predictions...

1) Warsh confirmed, Fetterman shows his ass again as does, now, Coons (D-Visa/Mastercard).

2) Trump takes steps within days to fire Powell from Fed Board, despite his decision to stay. While lawsuits ensue, federal marshals physically bar Powell from meetings. Tillis will squirm a little,
till ..

3) Blanche and Pirro, et al announce a new indictment of Powell, probably independent of the one Tillis is so proud he got dropped, and he will squirm a lot more

4) Trump issues an executive order of some ridiculous sort citing a national emergency -- based on the disaster he had made of the economy months or weeks before the Midterms -- to instruct the Fed to drop interest rates. Wall Street Journal will be pissed off, NY Times will call it a further "flexing of Trump's executive muscle on the economy".

5) Fed makes a small, but symbolic, cut in the interest rate. Trump World calls it a great victory for the American people, and precedent is set. Warren and Murphy call for Warsh to be charged with perjury, Tillis looks even more stupid, and Fetterman gets pissed at Warren and Murphy...

[BumRushDaShow]

2. But...

Coons (D-Visa/Mastercard)

Coons was always like that way before Fetterman. It was him, Warner, Kaine, Shaheen, Hassan, Gillibrand, King, Rosen, and Cortez Masto, and more recently ones like Slotkin and Gallego.

Here is a good chart site of grades based on voting record - https://progressivepunch.org/scores.htm?topic=&house=senate&sort=rating&order=down&party=D

[displacedvermoter]

3. Kinda surprised about this display of

"bipartisanship", though. But yeah, he has been pretty consistent.

[BumRushDaShow]

4. Biden used to do the same

It was only recently when Biden shifted more to the left when he ran in 2020.

[displacedvermoter]

5. Tom Daschle from South Dakota

also loved him some credit card companies, as well, I remember.

[BumRushDaShow]

6. What is wild was that Daschle was always an in-your-face firebrand

but it wasn't enough to survive Thune (and the rest of that state that now boasts the likes of ICE Barbie).

But those 2 states managed to take advantage of domiciling of credit card companies (although corps sre starting to flee Delaware now).

[displacedvermoter]

7. Voters do not regularly vote out a Senator as powerful as Daschle was,

for self serving reasons, if nothing else. But, they have the Senate Majority Leader as their Senator, again, so there is that...

[BumRushDaShow]

8. The way Schumer has been going

it might happen again.

[displacedvermoter]

9. Yes, time is likely running out on him...