The Senate Banking Committee has voted 13 to 11 to advance Kevin Warsh's nomination for Federal Reserve Chair to the full Senate. This decision follows Republican Senator Tom Tillis's withdrawal of his filibuster after the Department of Justice concluded its investigation into current Chair Powell. The full Senate vote is scheduled for April 29 at 10:00 a.m. Eastern Time. On the same day, the U.S. Federal Open Market Committee will announce its latest interest rate decision, and Chair Powell will hold what may be his final press conference. Powell's term as Fed Chair ends on May 15, though he remains on the Board of Governors until January 31, 2028. Markets are closely watching whether Powell will also resign from the Fed Board.