Trump’s Pick Kevin Warsh Confirmed as Fed Chair After Tight Senate Vote
BeInCrypto
The US Senate confirmed Kevin Warsh as Federal Reserve Chair in a narrow 54-45 vote.Summary
The US Senate has confirmed Kevin Warsh as the new Federal Reserve Chair following a historic 54-45 vote, the narrowest margin for such a position. Warsh, who previously served on the Fed's Board of Governors, replaces Jerome Powell amidst pressure from President Donald Trump to reduce interest rates. As inflation remains high, Warsh faces the challenge of balancing potential rate cuts with the need to maintain monetary policy independence.
(Source：BeInCrypto)