The challenges facing Fed chair Kevin Warsh
New chair has pledged sweeping change, but can he keep Trump – and the FOMC – onside?
Following one of the most protracted nomination processes in its history, the US central bank is about to usher in a new era as Kevin Warsh takes office as chair of the Federal Reserve. The Senate on May 14 confirmed Warsh by 54 votes to 45, with Jon Fetterman the only Democrat to cross the aisle in support of president Donald Trump’s nominee.
Warsh will take over following a period of unusual turbulence for the world’s most influential central bank, its continued independence repeatedly thrown
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