Warsh will formally succeed Fed Chair Jerome Powell, whose eight-year tenure was marked by several economic crises and a heated clash with the White House to defend the US central bank’s political independence.
Warsh was confirmed in a 54-45 vote, mostly split along party lines, with only Democratic Sen. John Fetterman of Pennsylvania crossing the aisle to vote in favor of Warsh’s nomination. It was the most partisan vote for a Fed chair nominee in history.
100%. Trumps been bitching about interest rates being high with powel. we will go from inflation to hyper inflation. In addition the fed was the only thing giving us good economic data. Now that is gone. Its the last bastion and still 6 months from election.