Kevin Warsh sworn in as new US Fed chair
Kevin Warsh has been sworn in as the new chair of the US Federal Reserve, succeeding Jerome Powell. His appointment comes amid rising inflation and political pressure regarding interest rate cuts. Warsh has pledged to maintain the Fed's independence despite scrutiny from various political figures.
- ▪Kevin Warsh took the oath of office as the new chair of the US Federal Reserve Board of Governors.
- ▪His confirmation process was contentious, with a Senate vote along party lines.
- ▪Warsh will lead the Fed during a time of rising inflation and pressure to cut interest rates.
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Economy|Business and EconomyKevin Warsh sworn in as new US Fed chairWarsh will lead the central bank at a time when its independence has come under scrutiny amid political pressure.ListenListen (3 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoKevin Warsh takes over as US Federal Reserve Chair at a time of rising inflation and pressure from US President Donald Trump to cut interest rates [File: AFP]By Andy HickmanPublished On 22 May 202622 May 2026Kevin Warsh has been sworn in as the new chair of the United States Federal Reserve Board of Governors, succeeding Jerome Powell, who has held the position since 2018.Warsh took the oath of office on Friday, following a contentious nomination period, with the Senate…
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