Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded.

New Fed Chair Kevin Warsh faces mounting pressure as surging inflation conflicts with his promises of rate cuts and reduced Fed communication ahead of June FOMC.

Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded.