Warsh to be sworn in as Fed chair at White House on Friday, Fox Business reports
Kevin Warsh is set to take over as U.S. Federal Reserve chair following Senate approval, with his swearing-in scheduled at the White House. His leadership comes at a critical time as the Fed navigates persistent inflation and pressure over interes...
By Reuters |
Kevin Warsh will be sworn in as the next chairman of the U.S. Federal Reserve on Friday in a White House ceremony hosted by U.S. President Donald Trump, Fox Business reported on Monday, citing a White House official. The U.S. Senate on Wednesday approved Kevin Warsh as chair of the Federal Reserve, putting the 56-year-old lawyer and financier at the helm as the U.S. central bank grapples with intensifying inflation that may make it hard to push through the interest-rate cuts that President Donald Trump has demanded.
Warsh, Trump's pick for Fed chair, presumably brings a fresh start in relations between the Oval Office and the central bank after eight years of friction with the White House, a global pandemic, and the fight with high inflation.
Warsh will take the leadership baton from Fed Chair Jerome Powell.
Warsh, Trump's pick for Fed chair, presumably brings a fresh start in relations between the Oval Office and the central bank after eight years of friction with the White House, a global pandemic, and the fight with high inflation.
Warsh will take the leadership baton from Fed Chair Jerome Powell.
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