MercoPress
Americas · 1 hrs ago
✦ 78◉ Centre
Warsh to succeed Powell at the Fed with inflation at three-year high
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Credibility 78/100
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The US Senate confirmed economist Kevin Warsh as the next Federal Reserve chair in a 54-45 vote, replacing Jerome Powell during a period of elevated inflation. Warsh, a former Fed governor and Morgan Stanley banker, is set to take office on 15 May.
Warsh to succeed Powell at the Fed with inflation at three-year high
The US Senate on Wednesday confirmed economist Kevin Warsh as the 17th chair of the Federal Reserve in a 54-45 vote, in a transition that hands control of the world's most influential central bank to President Donald Trump's pick at a moment of strong inflationary pressure. Warsh, a former Fed governor during the 2008 financial crisis and a former Morgan Stanley banker, will formally take office on Friday 15 May, following the departure of Jerome Powell, whose eight-year term has been marked by
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