60 Minutes · Senate confirms Kevin Warsh as next Fed chair

1. 1. Kevin Warsh has been confirmed by the Senate as the next chair of the Federal Reserve.
2. 2. Warsh's confirmation vote largely followed party lines, despite some Republican holds earlier.
3. 3. Democrats expressed concerns about Warsh's independence, fearing presidential pressure to lower interest rates.
4. 4. Kevin Warsh pledged Fed independence during his confirmation, emphasizing policy over politics.
5. 5. Former chairman Jerome Powell will remain on the Federal Reserve's Board of Governors until 2028.