Federal Reserve Chair Kevin Warsh asserted the central bank's independence and commitment to curbing inflation, indicating no tolerance for inflation above 2%. This stance likely forecloses the rate cuts sought by President Donald Trump, marking a shift in Warsh's views since becoming chair.
Kevin Warsh confirmed to Federal Reserve Board of Governors amid President Trump's push for lower interest rates, with a chairmanship vote pending.
The US Senate on Tuesday confirmed Kevin Warsh as a governor on the board of the Federal Reserve, clearing the way for him to take the reins of the central bank later this week as the world’s largest economy faces inflation at a three-year-high. The Senate voted 51-45 to confirm Warsh’s appointment to the board for a 14-year term, with the results largely along party lines. The Senate will hold a separate vote to confirm Warsh as the central bank’s chair, taking over from incumbent Jerome...
Kevin Warsh approved by Senate for Federal Reserve Board, moves closer to chair position
