Kevin Warsh on Track to Succeed Powell as Fed Chair by May 15

Jerome Powell's term as Federal Reserve Chair is set to conclude on May 15, 2026, with the Senate expected to vote on Kevin Warsh's nomination on May 11.

Prediction markets reflect a 93.5% probability that Warsh will be confirmed by the May 15 deadline. Warsh, a Trump appointee, is viewed as a proponent of lower interest rates. The Senate Banking Committee has already approved his nomination along party lines. Observers are watching for any procedural delays or unexpected opposition that could alter market dynamics. This leadership change is seen as a critical event for U.S. monetary policy direction.