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2 weeks ago

Kevin Warsh sworn in as Federal Reserve chair by President Trump

Kevin Warsh was sworn in as the new chair of the Federal Reserve by President Donald Trump in a ceremony at the White House on Friday.The 56-year-old Warsh previously served at the Fed as a member of its Board of Governors from 2006 to 2011, and became the youngest-ever Fed governor having been nominated at the age of 35. Trump nominated Warsh to the role in January, and he was confirmed by the Senate last week on a 54-45 vote.Warsh steps into the top role at the nation's central bank at a pivotal time, with inflation rising due to an energy price shock caused by the Iran war and markets viewi...