Warsh Takes Fed Chair, Promises Broad Reforms Amid Persistent Inflation

Kevin Warsh was confirmed as the 17th chair of the Federal Reserve for a four-year term by a 54-45 Senate vote, succeeding Jerome Powell. His approval comes as inflation remains sticky and political pressure on the Fed grows; Warsh has signaled sweeping changes to governance and communications, while facing the challenge of achieving price stability amid a resilient economy and ongoing debates over potential rate cuts.