Kevin Warsh, Fed
Digest more
Los Angeles Times on MSN
Warsh is sworn in as the Fed chair after Trump's bid for greater control over the independent bankPresident Trump spent months criticizing Kevin Warsh's predecessor, Jerome Powell, for being reluctant to cut interests rates.
Kevin Warsh was sworn in Friday as the new chair of the Federal Reserve, the world’s most influential central bank. Warsh’s formal assumption of the role comes after the Senate confirmed him to lead the Fed May 13 in a 54-45 vote along party lines.
Kevin Warsh becomes head of the central bank as rising inflation and climbing bond yields challenge Trump’s desire for interest-rate cuts.
President Trump is set to swear in Kevin Warsh on Friday as the next chair of the Federal Reserve during a ceremony in the East Room of the White House.
