Senate confirms Kevin Warsh as Federal Reserve chair
Senate lawmakers confirmed Kevin Warsh as the next Federal Reserve chair. He takes over as rising inflation complicates demands for interest rate cuts.
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The United States Senate approved Kevin Warsh as the next Federal Reserve chair on Wednesday afternoon. The 56-year-old lawyer and financier takes the helm as the central bank grapples with accelerating inflation. Policymakers are now debating whether to raise rates instead of cutting them.
The Senate had confirmed Warsh to a 14-year term on the Fed's Board of Governors on Tuesday. His swearing-in awaits final White House signatures on paperwork.
