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Kevin Warsh Is Now Chair of the Federal Reserve as Powell's Term Ends Today — Inheriting Inflation Above Target and a Rate Hike on the Table
Kevin Warsh became the 17th chair of the Federal Reserve today as Jerome Powell's term expired, confirmed 54-45 by the Senate — but instead of the rate cuts Trump allies expected, Warsh now faces inflation at 3.8% and a growing market probability of a hike before any cuts.