<div id="readability-page-1">Historic narrow margin: Warsh’s 54-45 confirmation is the closest Fed chair vote since Senate approval was mandated in 1977, with only one Democrat supporting him. Policy crossroads: He inherits elevated inflation, market uncertainty, and White House pressure for rate cuts, despite economic data undermining the case for easing. Immediate first test: Warsh’s first FOMC meeting in June will decide whether to cut, hold, or raise rates amid oil-driven price spikes from the Iran war.</div>

<p>Kevin Warsh has been confirmed as Fed chair with a narrow 54-45 vote, the closest since 1977. He faces challenges including high inflation, market uncertainty, and pressure for rate cuts, despite conflicting economic data. His first FOMC meeting in June will be crucial in deciding whether to adjust interest rates amid rising oil prices due to the Iran war.</p>

- Warsh’s confirmation as Fed chair, with a 54-45 vote, marks the closest Senate approval since 1977, supported by only one Democrat.  
- He faces challenges like high inflation, market uncertainty, and pressure from the White House for rate cuts, which contradicts economic data.  
- His first FOMC meeting in June will address whether to cut, hold, or raise rates amid rising oil prices due to the Iran war.

Kevin Warsh confirmed as Fed chair in narrowest vote since 1977