Warsh Takes Fed Helm Amid Inflation, Political Pressure
Global News Today | 2 Min News | The Daily News Now!
- Published
- May 14, 2026
- Duration
- 1:45
- Summary source
- description
- Last updated
- May 15, 2026
Discusses daily.
Summary
Kevin Warsh confirmed as new Federal Reserve chair, replacing Jerome Powell; Trump pushes for interest rate cuts amid inflation concerns; Warsh, once tough on inflation, now backs Trumps stance; Powell remains on Fed board until 2028, criticizing Trumps attacks on banks independence; Warsh faces scrutiny over wealth disclosure, vowing to sell assets withi…
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Show notes
Kevin Warsh confirmed as new Federal Reserve chair, replacing Jerome Powell; Trump pushes for interest rate cuts amid inflation concerns; Warsh, once tough on inflation, now backs Trumps stance; Powell remains on Fed board until 2028, criticizing Trumps attacks on banks independence; Warsh faces scrutiny over wealth disclosure, vowing to sell assets within 90 days; Warsh brings solid credentials from Stanford and Harvard Law, with experience at Fed, Morgan Stanley, and conservative think tank; E
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