CNBC5/13/2026Business4 min read
Kevin Warsh Confirmed as Next Federal Reserve Chair Amid Divisive Vote and Economic Challenges
Warsh, 56, to Take Over from Jerome Powell as President Trump Pushes for Lower Interest Rates Despite Rising Inflation
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- Kevin Warsh, 56, confirmed as Federal Reserve chair in a 54-45 Senate vote, succeeding Jerome Powell.
- Warsh faces pressure from President Trump to lower interest rates amid rising inflation, complicating the case for cuts.
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Kevin Warsh was confirmed Wednesday as the next Federal Reserve chair, taking over the central bank at a time when President Donald Trump is pushing for lower interest rates even as fresh inflation data complicates the case for cuts. ... (Full article text preserved with paragraph breaks)
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