"Kevin Warsh was confirmed in the US Senate to the critical role of chair of the Federal Reserve. President Donald Trump nominated Warsh for the four-year term at a critical time, with the central bank's independence under attack and inflation running at a three-year high."
"The Senate voted largely along partisan line 54 to 45 to confirm Warsh, who has echoed Trump's call for lower interest rates to boost the US economy. Warsh is set to replace outgoing chair Jerome Powell, who has been a frequent target of Trump's criticism."
Kevin Warsh was confirmed by the US Senate as chair of the Federal Reserve for a four-year term. President Donald Trump nominated Warsh at a critical time when central bank independence faced pressure and inflation was at a three-year high. The Senate confirmed Warsh by a largely partisan vote of 54 to 45. Warsh has aligned with Trump’s call for lower interest rates to support the US economy. Warsh is scheduled to replace outgoing chair Jerome Powell, who has frequently been criticized by Trump. The transition is expected to shape monetary policy as inflation and political scrutiny remain central issues.
Read at www.dw.com
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