Senate poised to confirm Warsh as Fed chair amid Trump pressure

1 min read
Source: The Guardian
Senate poised to confirm Warsh as Fed chair amid Trump pressure
Photo: The Guardian
TL;DR Summary

The Senate is expected to confirm Kevin Warsh as Federal Reserve chair, a move that aligns with Trump’s push to influence monetary policy; Warsh, once a hawk on inflation, has aligned with calls to cut rates, and Democrats warn that the Fed’s independence could be eroded as confirmation proceeds amid ongoing scrutiny of White House interference.

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