TLDR Tech / Fintech
Kevin Warsh sworn in as Trump's Fed chair
Donald Trump officially installed former Federal Reserve governor Kevin Warsh as the new Fed chair, handing control of the world's most influential central bank to a longtime critic of recent monetary policy. Warsh, who played a role during the 2008 financial crisis and has publicly pushed for faster rate cuts and major changes at the Fed, begins his four-year term ahead of the June Federal Open Market Committee meeting. His appointment signals a potentially more aggressive and politically scrutinized era for the Federal Reserve, especially as Trump continues pressuring the institution on interest rates and economic policy.
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