multi source·4h ago·5 sources analyzed
Senate confirms Warsh as next Fed chair
The Senate has confirmed Kevin Warsh as the next chair of the Federal Reserve. This decision comes amid ongoing concerns about inflation. (sources: bankingdive, nytimes, bbc, usatoday, nbcnews)
Image: usatoday
ModernAction Briefing
The Senate approved Kevin Warsh as the next chair of the Federal Reserve, succeeding Jerome Powell. This confirmation is significant as inflation remains a key issue for the economy.
- Kevin Warsh has been confirmed by the Senate as the next chair of the Federal Reserve.
- Warsh replaces Jerome Powell in this role.
- The confirmation occurs during a period of heightened inflation concerns.
Why it matters
The leadership change at the Federal Reserve may influence monetary policy decisions amid ongoing economic challenges.
Action context
This story references a legislative proposal. A specific bill action page is not available yet.