WASHINGTON: Kevin Warsh was sworn in as chair of the US Federal Reserve on Friday at a pivotal moment for an American economy where surging gasoline prices due to the Iran war are pushing up inflation and eroding consumer sentiment, potent ingredients for a policy dilemma with political implications.

New Fed chief inherits an institution split over rates, with inflation stuck above the 2% goal and energy costs climbing due to the Iran war

The Senate confirmed Warsh last week in a largely party-line vote. A former top Fed official, Warsh will become chair at an unusually difficult time for the independent agency.

Kevin Warsh has taken the oath as the new US Federal Reserve chair. President Donald Trump stated his desire for Warsh to be fully independent. Trump urged the new chair to focus…

WASHINGTON: Kevin Warsh was sworn in as chair of the US Federal Reserve on Friday at a pivotal moment for an American economy where surging gasoline prices due to the Iran war are…