South China Morning Post
AsiaPac · 2 hrs ago
✦ 78◉ Centre
Warsh confirmed as Federal Reserve chair, as US central bank faces Trump assault
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Credibility 78/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
Kevin Warsh was confirmed by the US Senate as Federal Reserve chairman in a 54-45 vote, taking over as the central bank faces pressure from President Trump over interest rates and inflation remains elevated.
Warsh confirmed as Federal Reserve chair, as US central bank faces Trump assault
The US Senate on Wednesday confirmed Kevin Warsh as the new Federal Reserve chairman to lead a central bank whose independence is under attack and with inflation at a three-year high.
The Senate voted 54 to 45 to in favour of Warsh, with Republicans holding a slim majority and ensuring US President Donald Trump’s nominee to replace Jerome Powell was confirmed.
Once known as a monetary “hawk” against inflation, Warsh has shifted in line with Trump’s push for lower interest rates that has posed an
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