Kevin Warsh confirmed as Fed chair

The Senate confirmed Kevin Warsh as chairman of the Federal Reserve Board of Governors Wednesday for a four-year term.

“America’s Credit Unions congratulates Kevin Warsh on his confirmation to serve as chairman of the Federal Reserve. Affordability remains a concern for hard working Americans, and Warsh’s previous experience will be critical as the central bank works to create stability and bolster consumer confidence in the economic system,” said Scott Simpson, America’s Credit Unions president/CEO. America’s Credit Unions looks forward to continuing our strong relationship with the Federal Reserve to ensure monetary policies support the success of credit unions and their 146 million members.”

Warsh served as a Federal Reserve governor from 2006 to 2011.