Chair Kevin

• Former Fed official Kevin Warsh suggested that interest rate increases may be necessary to combat stubborn inflation. • The Federal Reserve faces a dilemma between providing consumer relief from high costs and maintaining low rates to support the stock market. • This potential shift in monetary policy validates investor fears that the Fed may prioritize inflation control over market stability.

• Federal Reserve Chair Kevin Warsh testified at his first congressional hearing on Tuesday, advocating for a "sea change" in the central bank's economic strategy. • Warsh detailed plans to overhaul the Federal Reserve's current approach to managing inflation and broader economic stability. • This shift signals a potential departure from previous monetary policies, aiming to modernize how the Fed responds to evolving financial pressures.

• Kevin Warsh, a potential candidate for Federal Reserve Chair, has signaled a desire for an ideological overhaul of the central bank. • His blunt approach and commitment to a different monetary framework contrast with current market expectations. • This shift is viewed as a significant risk for Wall Street, as the stock market is currently "priced for perfection" and relies on specific Fed policies.

• Kevin Warsh officially assumed the role of Federal Reserve chair on May 22, 2026, succeeding Jerome Powell who concluded an eight-year tenure on May 15. • Warsh is prioritizing price stability over immediate interest rate cuts, a stance that has alarmed Wall Street and contradicts the preferences of President Donald Trump. • This transition occurs amidst a period of market strength, with the Dow Jones, S&P 500, and Nasdaq all reaching record highs.

• US stock futures for the Dow Jones, S&P 500, and Nasdaq are trading lower as investors adopt a cautious stance. • Market participants are awaiting a key speech by Federal Reserve Chair Kevin Warsh at the European Central Bank Forum in Sintra, Portugal. • The downturn reflects investor uncertainty and a desire for fresh insights regarding the Federal Reserve's current outlook on inflation and interest rates.

• New Federal Reserve Chair Kevin Warsh held his first news conference on Wednesday after the central bank decided to keep its key interest rate unchanged. • Despite the hold, nearly half of the Fed's policymakers indicated they could support an interest rate hike later this year. • This decision reflects the central bank's ongoing struggle to balance inflation control with economic stability.

• The Senate confirmed Kevin Warsh as Federal Reserve chair nominee, resolving a weeks-long standoff over Republican demands for a probe into outgoing Fed Chair Jerome Powell's conduct. • Warsh's confirmation represents a significant shift in Federal Reserve leadership as the administration prioritizes new economic policy direction amid ongoing inflation concerns. • The confirmation eliminates a major partisan bottleneck that had delayed central banking leadership decisions during a period of elevated business costs and consumer price pressures.

Warsh will serve four-year term as chair, taking over amid rising inflation and pressure from Trump to lower ratesThe US Senate confirmed Kevin Warsh as chair of the Federal Reserve, one of the most powerful roles in the federal government that holds enormous sway over the economy.The 54-45 Senate vote on Wednesday was split along party lines, with the exception of Democratic senator John Fetterman from Pennsylvania, who joined the Republican majority. Warsh was confirmed for a four-year term as chair and a 14-year appointment on the Fed’s rate-setting board. Continue reading...

Warsh would succeed outgoing Fed chair Jerome Powell as Trump continues his push to influence the US central bankSign up for the Breaking News US newsletter email The US Senate is expected to confirm Kevin Warsh this week as chair of the Federal Reserve, as Donald Trump continues his campaign to influence the world’s most important central bank.The Fed’s influence over the economy spans from the job market to mortgage rates, and its every move is carefully scrutinized by investors on Wall Street. Warsh’s confirmation comes at a turbulent time for the central bank, which has fallen under intense scrutiny from Trump for not lowering interest rates. Continue reading...

A Senate committee is poised to advance Trump’s pick as doubts linger over the Fed’s independence and Powell’s futureUS politics live – latest updatesSign up for the Breaking News US newsletter emailKevin Warsh, ​Donald Trump’s pick to lead the Federal Reserve, is set to clear a key procedural hurdle on Wednesday, opening ‌the way for him to succeed Jerome Powell in coming weeks amid the White House’s unprecedented efforts to exert control over the world’s most powerful central bank.The Senate banking committee is set to vote at 10am EDT (1400 GMT) to advance Warsh’s nomination to the full Republican-controlled Senate. All 13 Republicans on ​the panel are expected to support Warsh after Thom Tillis, a North Carolina senator, dropped his opposition following the Department of Justice’s ​decision on Friday to end a criminal investigation into Powell that Tillis viewed as a threat to the ⁠Fed’s political independence. Continue reading...

• Kevin Warsh, President Trump's nominee for Federal Reserve Chair, testifies in his first Senate Banking Committee hearing at 1400 GMT on April 21, 2026, facing questions on Fed independence amid Trump's pressure to cut rates. • Warsh advocates reducing the Fed's balance sheet, conflicting with recent resumption of regular Treasury purchases in December 2025. • The hearing addresses hot topics like Fed autonomy and potential rate cuts, with USD firming after Monday's rally rejection.

• President Donald Trump is backing Kevin Warsh as his preferred candidate for Federal Reserve chair, intensifying pressure on current Fed Chair Jerome Powell amid ongoing policy disagreements. • Republican Senator Kevin Cramer discussed the timeline for the CLARITY Act and Trump's strategy to reshape Federal Reserve leadership during an appearance on 'Mornings with Maria.'

• Kevin Warsh was nominated as the next Federal Reserve Chair, set to succeed Jerome Powell in May 2026. • Warsh, a critic of the Fed’s quantitative easing policies, is viewed by markets as a steady hand amid economic uncertainties. • The nomination comes as PCE inflation rose to 2.9% and core PCE to 3.0% year-on-year in March, aligning with consensus expectations.