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Fed Chair Pick Kevin Warsh Wins Key Senate Committee Vote | Bloomberg Intelligence
Posted
April 29, 2026
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April 29, 2026
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- Enda Curran, Bloomberg Fed and Economy Reporter, discusses Kevin Warsh winning the backing of the Senate Banking Committee on a 13-11 party-line vote to be the next chair of the Federal Reserve. Warsh's nomination had been held up by Senator Thom Tillis until the Department of Justice agreed to drop a criminal probe into cost overruns in a renovation of the Fed's Washington headquarters.
-Niraj Patel, Bloomberg Intelligence Senior Software Analyst, discusses research on how AI is impacting software stocks. According to Bloomberg Intelligence: AI shocks are rippling through application-software stocks, and our analysis suggests demand disruptions in the $700 billion app-software market are set to deepen as AI-agent development accelerates.
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