#WarshConfirmedMay15 It's official. The Senate confirmed Warsh as Fed Governor 51-45 🏛️ Only one Democrat crossed the aisle — Pennsylvania's Fetterman. Full chair confirmation vote moves forward this week. Effective power transfer: May 15. Markets already had Warsh pegged as more hawkish than Powell. Then April CPI came in at 3.8%, beating expectations 🔥 The combo? Rate cut hopes for 2026 have evaporated. Some traders are now pricing in the possibility of a hike 📈⚠️ Powell stays on until the process completes — but the era is already over.