Searching...
Warsh will take over from Jerome Powell as Trump pushes for lower rates despite fresh signs of sticky inflation.
Share
Kevin Warsh was confirmed Wednesday as the next Federal Reserve chair, putting a longtime critic of the central bank’s crisis era policies in charge as President Donald Trump pushes for lower interest rates and inflation data complicates the case for cuts.
The Senate voted 54 to 45 to confirm Warsh, largely along party lines, with Pennsylvania Democrat John Fetterman joining Republicans in support. The vote marked the narrowest confirmation margin ever for a Fed chair, reflecting the political pressure surrounding the central bank’s next phase.
