
Three Things to Know About New Fed Chair Kevin Warsh
New Fed Chair Kevin Warsh faces high inflation driven by the U.S. war with Iran. The Fed's tools are limited against supply shocks, and interest rate hikes are unlikely. Warsh prefers less public communication from the Fed, contrasting with his predecessor Bernanke's "98% talk" approach. Jerome Powell remains on the board to protect the Fed's independence from the White House.














