(FILES) Kevin Warsh, nominee for US Federal Reserve Chair, testifies during a Senate Banking Committee hearing on his nomination on Capitol Hill in Washington, DC, on April 21, 2026. The US Senate on May 12, 2026, confirmed Kevin Warsh as a governor on the board of the Federal Reserve, clearing the way for him to take the reins of the central bank later this week as the world's largest economy faces inflation at a three-year-high. The Senate voted 51-45 to confirm Warsh's appointment to the board for a 14-year term, with the results largely along party lines. (Photo by Mandel NGAN / AFP via Getty Images)