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.
He is going to lower interest rates, drive up inflation and asset prices, like the stock market and real estate. Wages will remain stagnate so workers will be poorer and slide backwards in living standards. The rich will get much richer and the poor will be shit out of luck, especially young people. Pedophilia will reign once again in the US.