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.
Weimar-style hyperinflation, here we come!
I can’t wait to hang up my 1billion US dollar bill next to my 1billion Zimbabwe bill
Your first billion us bill. The rest will be toilet paper.
The Fed will be business as usual until mid November. After they steal the midterms, they’ll manufacture a reason for free money to oligarchs to buy up anything us plebs are still holding onto.