Kevin Warsh was sworn in as Federal Reserve chair on Friday at a challenging time for the economy.
The new Fed leader faces surging inflation, rising mortgage rates and historic lows in consumer sentiment.
Warsh's first policy meeting in June will test his independence amid Trump's demands for rate cuts.
AI-generated summary was reviewed by a CNN editor.
Kevin Warsh was sworn in Friday at the White House as Chairman of the Board of Governors of the Federal Reserve System, succeeding Jerome Powell in one of the world’s most powerful economic positions.
