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Warsh confirmed as Federal Reserve chair, as US central bank faces Trump assault

South China Morning Post 13 May 2026 3h ago
Warsh confirmed as Federal Reserve chair, as US central bank faces Trump assault
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The US Senate on Wednesday confirmed Kevin Warsh as the new Federal Reserve chairman to lead a central bank whose independence is under attack and with inflation at a three-year high. The Senate voted 54 to 45 to in favour of Warsh, with Republicans holding a slim majority and ensuring US President Donald Trump’s nominee to replace Jerome Powell was confirmed. Once known as a monetary “hawk” again
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