Senate confirms Kevin Warsh as next chair of the Federal Reserve

Kevin Warsh won Senate approval to be the next chairman of the Federal Reserve. He takes over at a time when soaring gasoline prices have put upward pressure on inflation.

Warsh has argued there’s room for the central bank to lower interest rates, but that could be challenging at a time of rising inflation.

(Image credit: Andrew Harnik)

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Source: NPR.

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