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U.S. Senate Confirms Kevin Wash as Federal Reserve Governor with 14-Year Term on May 12

GateNews

2026-05-12 23:11:36

According to CCTV News, on May 12, the U.S. Senate confirmed Kevin Wash as a Federal Reserve Governor with a 14-year term. The Senate is expected to immediately initiate confirmation proceedings for Wash to become Federal Reserve Chair, with procedural voting potentially completed as early as May 13. Current Chair Jerome Powell’s term ends on May 15.

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.

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