Kevin Warsh — Stanford/Harvard Law, Hoover Institution fellow, Druckenmiller adviser, net worth north of $100 million — cleared the Senate Tuesday on a party-line 51–45 vote, taking a 14-year term running to 2040. The chair vote follows this week, replacing Powell, whose four-year chair term expires Friday. The play: Trump gets a Fed chair who promised independence at his confirmation hearing — said Warsh: 'I will be an independent actor if confirmed as chair of the Federal Reserve' — but whose prior hawkish record has softened visibly toward the rate cuts Trump has demanded. That 51–45 margin tells you the GOP held despite the criminal-probe drama that had Sen. Thom Tillis blocking nominees out of Banking Committee until U.S. Attorney Jeanine Pirro closed the case last month. Powell stays on the board as a rank-and-file governor through January 2028 — the first outgoing chair to do so in more than 75 years — which means Trump doesn't get a clean sweep of the room, just the chair.