US Federal Reserve Gets New Chairman Kevin Warsh Amid Interest Rate and Inflation Concerns

US Federal Reserve New Chairman Kevin Warsh: Major changes have begun in the Federal Reserve, the central bank of the United States. After a crucial vote in the US Senate on Wednesday, May 13, the name of Kevin Warsh has been confirmed. Warsh will now lead the central bank of the world's most powerful economy. Warsh has been appointed in front of the world's attention to interest rates and rising inflation. 56-year-old Kevin Warsh has been elected to this position by a 54-45 difference of opinion. Warsh has served as a Fed governor in the past. He faced strong opposition from the Democratic Party; only one Democrat, John Fetterman, voted in his favor. Warsh will now replace Jerome Powell, whose term ends this Friday. Powell will remain as the governor of the board, but Warsh will now hold the presidency. Warsh has been appointed for 14 years as the president and governor of the US for 16 years. Kevin Warsh is currently standing in front of the Russian oil refining crisis.