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Senate confirms new Fed chair as Trump allies warn rate cuts may have to wait The Washington PostKevin Warsh confirmed as Fed chair, succeeding Jerome Powell CNNWhy Warsh's Democrat problem could come back to bite him PoliticoThe Economy That Kevin Warsh, the Federal Reserve's New Chair, Is Inheriting The New York Times
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Bond markets won't wait for the central bank to combat inflation.
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In the most divisive vote ever for a Fed chair, Warsh, 56, won confirmation to take over for Jerome Powell.
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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.
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