As Kevin Warsh steps into the role of leading the U.S. Federal Reserve, turbulent waters marked by soaring inflation await him, says StanChart's Winters. While there's a palpable push for interest rate reductions from political circles, some members within the Fed are advocating for hikes instead.

With inflation spiking and Treasury yields surging, Warsh is likely to confront a Federal Open Market Committee in no mood to ease.

Explore the challenges facing new Fed Chair Kevin Warsh as he navigates inflation, asset classes, and the Fed's independence.