In the most divisive vote ever for a Fed chair, Warsh, 56, won confirmation to take over for Jerome Powell.

The former Fed governor has spent more than a decade publicly challenging the central bank he is now tasked with leading.

The Senate confirmed former finance executive and former Federal Reserve Governor Kevin Warsh as the U.S. central bank’s new chair May 13.

The Senate confirmed Kevin Warsh as the next Federal Reserve chair Wednesday, though he is expected to face an uphill battle due to pressure from President Donald Trump and opposition from congressional

Trump's Fed chair nominee, Kevin Warsh, recently outlined plans to change the way the central bank views inflation and its $6.7 trillion balance sheet. If Warsh is successful in implementing these changes, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite may pay the price.

His nomination to be the central bank’s leader for a four-year term requires a separate Senate vote, which is expected as soon as Wednesday.

Warsh won confirmation Wednesday in a vote that largely followed party lines.

The Senate on Wednesday voted to confirm Kevin Warsh to succeed Jerome Powell as the next chairman of the Federal Reserve, setting the stage for new leadership at the powerful central bank, which faces pivotal decisions ahead on monetary policy.

The bond market wants Fed chair Kevin Warsh to rein in inflation by increasing benchmark interest rates at the central bank.