The U.S. Senate confirmed Kevin Warsh as Federal Reserve Chair on May 13, 2026, in a narrow 54-45 vote—with Pennsylvania Democrat John Fetterman providing the sole crossover—resolving Polymarket's multi-outcome market to "No" across all options, as no Fed rate cut, U.S.-Iran ceasefire, announcement of a new Iranian Supreme Leader, or U.S. extraterrestrial disclosure preceded it. This followed Senate approval of Warsh's 14-year Board term on May 12 (51-45), cloture on May 11 (49-44), and Banking Committee advancement on April 29 (13-11 party-line), reflecting tight Republican control amid Democratic concerns over Fed independence. President Trump's nominee, a former Fed Governor, now prepares to succeed Jerome Powell amid rising inflation pressures, with his first FOMC meeting looming.