Kevin Warsh sworn in as Fed chair, but Trump’s rate cuts look increasingly unlikely
Kevin Warsh has been sworn in as the new chair of the Federal Reserve amid rising inflation and economic uncertainty. President Trump has expressed a desire for Warsh to pursue lower interest rates, but economists are increasingly suggesting that rate cuts are unlikely in the near future. Warsh has committed to leading a reform-oriented Fed while emphasizing the importance of independence in monetary policy decisions.
- ▪Kevin Warsh was confirmed as the Federal Reserve chair by the Senate in a 54-45 vote.
- ▪Inflation is rising, and there is a consensus among economists that interest rates should not be lowered soon.
- ▪Fed governor Christopher Waller indicated that rate hikes may be necessary if inflation does not decrease.
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EconomyKevin Warsh sworn in as Fed chair, but Trump’s rate cuts look increasingly unlikely Inflation is rising and there is a consensus forming among economists that interest rates should not come down in the near future.Listen to this article with a free account00:0000:00Add NBC News to GoogleTrump tells Kevin Warsh to 'do your own thing' as Federal Reserve chair01:24Get more newsLiveonShareAdd NBC News to GoogleMay 22, 2026, 12:12 PM EDT / Updated May 22, 2026, 12:17 PM EDTBy Steve KopackKevin Warsh was sworn-in Friday as the new chair of the Federal Reserve, the world’s most influential central bank.Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content.Warsh’s formal assumption of the role comes after the Senate confirmed him to lead the…
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