The U.S. Senate is scheduled to hold a cloture vote on Kevin Warsh’s nomination to the Federal Reserve Board of Governors on Monday, May 11, at 5:30 p.m. ET. Republicans hold 53 seats and need a simple majority for confirmation, with potential bipartisan support from Senator John Fetterman (D-PA). The Senate Banking Committee advanced Warsh’s nomination on April 29 in a 13–11 party-line vote.
In a separate development, Jerome Powell announced he will remain on the Fed’s Board of Governors after stepping down as chair on May 15. Powell said he plans to maintain a low profile as a governor, noting that Warsh will become chair once confirmed. Powell’s board seat extends through 2028; his decision to stay is unusual, as most Fed chairs have departed entirely when their terms concluded.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
European Indices Close Mixed on May 11, DAX Up 0.16%, CAC Down 0.69%
On May 11, major European indices closed with mixed performance. Germany's DAX 30 rose 38.36 points, up 0.16% to 24,345.78; the UK's FTSE 100 gained 31.25 points, up 0.31% to 10,264.32; France's CAC 40 fell 56.19 points, down 0.69% to 8,056.38; and Italy's FTSE MIB advanced 365.96 points, up 0.74% t
GateNews7m ago
European Stock Indices Close Mixed on May 11; DAX Falls 0.06% to 24,324.30
European stock indices closed mixed today (May 11). Germany's DAX 30 fell 0.06% to 24,324.30 points, while France's CAC 40 declined 0.87%. Italy's benchmark index rose 0.61%, and the UK's FTSE 100 gained 0.36%.
GateNews15m ago
U.S. Conference Board Employment Trends Index Rises to 105.77 in April
The U.S. Conference Board Employment Trends Index rose to 105.77 in April, up from 105.72 in the previous month, according to the Conference Board.
GateNews1h ago
U.S. Stock Market Opens Lower on May 11; Dow Falls 19.82 Points, Nasdaq Drops 76.99 Points
On May 11 (Monday), U.S. stock market indices opened lower. The Dow Jones fell 19.82 points (0.04%) to 49,589.34, the S&P 500 declined 8.07 points (0.11%) to 7,390.86, and the Nasdaq Composite dropped 76.99 points (0.29%) to 26,170.09.
GateNews2h ago
S&P 500 and Nasdaq 100 Futures Down 0.15% Today Amid Iran Submarine Deployment
According to Gate data, S&P 500 and Nasdaq 100 index futures are down about 0.15% today, extending recent losses. The decline comes after reports that Iran has deployed submarines.
GateNews2h ago
White House Reports Core Inflation Averaged 2.6% Over Past Six Months
According to White House National Economic Council Director Hassett, core inflation averaged 2.6% over the past six months.
GateNews2h ago
