The Senate confirmed Kevin Warsh as Federal Reserve chair on Wednesday with a 54-45 vote largely along party lines, making him Jerome Powell's successor. Warsh, a former Fed official, has argued for room to lower interest rates, though inflation remains elevated — setting up potential tension between his preferred policy direction and current economic conditions. The confirmation clears Trump's top nominee for the central bank just as the US remains locked in the Iran conflict that's been driving energy prices and inflation.