New Fed chair poised to accelerate banking deregulation
Kevin Warsh has been sworn in as the new chair of the U.S. Federal Reserve, signaling potential changes in banking regulation. His leadership may accelerate the Trump administration's agenda for financial deregulation, which could benefit banks but also raise risks. Warsh's vision includes limiting the Fed's role in banking supervision and revising capital requirements for lenders.
- ▪Kevin Warsh was sworn in as the new chair of the Federal Reserve last week.
- ▪There are indications that Warsh will push for deregulation in the banking sector.
- ▪Proposed changes could unlock approximately $2.6 trillion in lending capacity for U.S. banks.
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Open this photo in gallery:President Donald Trump shakes hands with Kevin Warsh before a swearing-in ceremony to become the new chair of the Federal Reserve at the White House in Washington last Friday.Anna Moneymaker/Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountThe Kevin Warsh era has begun at the U.S. Federal Reserve – and change is in the air.Mr. Warsh, 56, was sworn in as the Fed’s new chairman at the White House last week. His accession capped a transition period marked by criticism that the world’s most important central bank could become susceptible to political interference under his leadership.President Donald Trump, who waged attacks on former Fed chair Jerome Powell, made a clumsy attempt at damage control during the swearing-in…
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