{"id":131681,"date":"2026-05-12T12:29:58","date_gmt":"2026-05-12T16:29:58","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681"},"modified":"2026-05-12T12:29:58","modified_gmt":"2026-05-12T16:29:58","slug":"once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681","title":{"rendered":"Once doomed, Trump’s pick to carry out his economic vision clears first crucial hurdle"},"content":{"rendered":"
\n

President Donald Trump’s<\/a> next pick to lead the nation\u2019s central bank is one step closer to securing the job, despite early fears that his nomination was doomed.\u00a0<\/p>\n

The Senate confirmed Kevin Warsh to be on the Federal Reserve\u2019s Board of Governors, the main governing body of the central bank, and a post he previously served on nearly two decades ago. The institution dictates monetary policy for the nation and has been a thorn in Trump\u2019s side throughout his second term.\u00a0<\/p>\n

Tuesday\u2019s successful test vote was the first step in Republicans\u2019 quest to confirm Warsh as the next chair of the Federal Reserve. And it comes as current Chair Jerome Powell\u2019s term at the helm comes to a close on May 15.\u00a0<\/p>\n

SENATE WEIGHS NEW, PAINFUL LEVERAGE TACTIC AS FEARS OF ANOTHER GOVERNMENT SHUTDOWN GROW<\/strong><\/a><\/p>\n

The Senate is expected to wrap up confirmation of Warsh on Wednesday.<\/p>\n

It\u2019s a far quieter ending to a process that for months was marred by high-stakes drama, legal disputes and speculation about whether Trump\u2019s handpicked successor<\/a> to Powell could actually survive the process.\u00a0<\/p>\n

That\u2019s because until recently, Sen. Thom Tillis, R-N.C., vowed<\/a> to block any replacement pick unless the Department of Justice dropped its criminal probe against Powell.\u00a0<\/p>\n

FRAGILE RELATIONSHIP WITH HOUSE GOP HAS SENATE REPUBLICANS WARNING ‘SOMETHING NEEDS TO CHANGE’<\/strong><\/a><\/p>\n

That probe, which ended late last month amid pressure from top Senate Republicans,<\/a> was related to alleged mismanagement of renovation funds for updates of the Federal Reserve\u2019s headquarters in Washington, D.C., and played out despite Powell\u2019s anticipated exit this month.<\/p>\n

Speculation swirled about whether the probe was launched as a retaliatory effort against Powell, who refused to adhere to Trump\u2019s desires to sharply lower interest rates<\/a> as the central bank navigates inflation and new economic pressures from the war in Iran.\u00a0<\/p>\n

Though Powell\u2019s time in the spotlight as chair of the Federal Reserve is soon coming to a close, he\u2019s not going anywhere. He told reporters last month that when his term ended, he would stay on the Board of Governors.\u00a0<\/p>\n

THE ONE LINE IN WARSH\u2019S TESTIMONY SIGNALING A BREAK FROM THE FED\u2019S STATUS QUO<\/strong><\/a><\/p>\n

“I plan to keep a low profile as a governor. There is only ever one chair of the Federal Reserve Board. When Kevin Warsh is confirmed and sworn in, he will be that chair,” Powell said.<\/p>\n

Warsh\u2019s vision of the Federal Reserve is one that would maintain the central bank\u2019s independence while shifting away from delving into political and social issues.<\/p>\n

“The Fed must stay in its lane,” Warsh said during his testimony before the Senate banking panel last month.<\/a> “Fed independence is placed at greatest risk when it strays into fiscal and social policies where it has neither authority nor expertise.”<\/p>\n

Warsh needed every Republican vote he could get, given that Democrats have heavily scrutinized his finances and lack of financial disclosures related to his wife, Jane Lauder\u2019s, colossal fortune, and view him as a “sock puppet” for Trump\u2019s economic vision rather than a force that would push back if need be.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/politics\/doomed-trumps-pick-carry-economic-vision-clears-first-crucial-hurdle <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump’s next pick to lead the nation\u2019s central bank is one step closer to securing the job, despite early fears that his nomination […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-131681","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nOnce doomed, Trump's pick to carry out his economic vision clears first crucial hurdle - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Once doomed, Trump's pick to carry out his economic vision clears first crucial hurdle - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"President Donald Trump’s next pick to lead the nation\u2019s central bank is one step closer to securing the job, despite early fears that his nomination […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-12T16:29:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2021\/06\/businessman-showing-business-evolution1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"715\" \/>\n\t<meta property=\"og:image:height\" content=\"423\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36\"},\"headline\":\"Once doomed, Trump’s pick to carry out his economic vision clears first crucial hurdle\",\"datePublished\":\"2026-05-12T16:29:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681\"},\"wordCount\":546,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"articleSection\":[\"Market News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681\",\"name\":\"Once doomed, Trump's pick to carry out his economic vision clears first crucial hurdle - Wall Street PR\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#website\"},\"datePublished\":\"2026-05-12T16:29:58+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Once doomed, Trump’s pick to carry out his economic vision clears first crucial hurdle\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#website\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\",\"name\":\"Wall Street PR\",\"description\":\"Latest News From WallStreet\",\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cablemanpro.com\/wallstreetpr\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\",\"name\":\"Wall Street PR\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png\",\"contentUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png\",\"width\":537,\"height\":70,\"caption\":\"Wall Street PR\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/WallStreetPR\/\",\"https:\/\/x.com\/WallstreetPRs\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg\",\"contentUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg\",\"caption\":\"admin\"},\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/author\/admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Once doomed, Trump's pick to carry out his economic vision clears first crucial hurdle - Wall Street PR","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681","og_locale":"en_US","og_type":"article","og_title":"Once doomed, Trump's pick to carry out his economic vision clears first crucial hurdle - Wall Street PR","og_description":"President Donald Trump’s next pick to lead the nation\u2019s central bank is one step closer to securing the job, despite early fears that his nomination […]","og_url":"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681","og_site_name":"Wall Street PR","article_publisher":"https:\/\/www.facebook.com\/WallStreetPR\/","article_published_time":"2026-05-12T16:29:58+00:00","og_image":[{"width":715,"height":423,"url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2021\/06\/businessman-showing-business-evolution1.jpg","type":"image\/jpeg"}],"author":"admin","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681#article","isPartOf":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681"},"author":{"name":"admin","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36"},"headline":"Once doomed, Trump’s pick to carry out his economic vision clears first crucial hurdle","datePublished":"2026-05-12T16:29:58+00:00","mainEntityOfPage":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681"},"wordCount":546,"publisher":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization"},"articleSection":["Market News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681","url":"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681","name":"Once doomed, Trump's pick to carry out his economic vision clears first crucial hurdle - Wall Street PR","isPartOf":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#website"},"datePublished":"2026-05-12T16:29:58+00:00","breadcrumb":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/once-doomed-trumps-pick-to-carry-out-his-economic-vision-clears-first-crucial-hurdle-131681#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cablemanpro.com\/wallstreetpr\/"},{"@type":"ListItem","position":2,"name":"Once doomed, Trump’s pick to carry out his economic vision clears first crucial hurdle"}]},{"@type":"WebSite","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#website","url":"https:\/\/cablemanpro.com\/wallstreetpr\/","name":"Wall Street PR","description":"Latest News From WallStreet","publisher":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cablemanpro.com\/wallstreetpr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#organization","name":"Wall Street PR","url":"https:\/\/cablemanpro.com\/wallstreetpr\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/","url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png","contentUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2019\/10\/brand-logo.png","width":537,"height":70,"caption":"Wall Street PR"},"image":{"@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/WallStreetPR\/","https:\/\/x.com\/WallstreetPRs"]},{"@type":"Person","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/6e00efa2abc413bdc0bca51a90c54d36","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/image\/","url":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg","contentUrl":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2022\/09\/360_F_336393115_5gCUfwn76x3MJaCJMYDKLoRebkC8QyrL-300x300.jpg","caption":"admin"},"url":"https:\/\/cablemanpro.com\/wallstreetpr\/author\/admin"}]}},"_links":{"self":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts\/131681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/comments?post=131681"}],"version-history":[{"count":0,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/posts\/131681\/revisions"}],"wp:attachment":[{"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/media?parent=131681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/categories?post=131681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/tags?post=131681"},{"taxonomy":"stock_ticker","embeddable":true,"href":"https:\/\/cablemanpro.com\/wallstreetpr\/wp-json\/wp\/v2\/stock_ticker?post=131681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}