Kevin Warsh was confirmed as Fed Chair 54-45, but rising oil prices, 3.8% inflation, and hawkish colleagues threaten Trump's push for rate cuts.

New Federal Reserve chairman faces high inflation, political pressure and a divided rate-setting committee

Kevin Warsh was confirmed as Fed Chair 54-45, but rising oil prices, 3.8% inflation, and hawkish colleagues threaten Trump's push for rate cuts.