What changed
KEVIN WARSH SWORN IN AS NEW FED CHAIR — TAKES OVER AMID POLITICAL PRESSURE TO CUT RATES
Warsh previously opposed rate cuts under Biden but shifted stance after Trump took office. Confirmed on party lines, with only Sen. Fetterman breaking. Cannot unilaterally set policy — one of 12 voting members.
Why it matters
Warsh previously opposed rate cuts under Biden but shifted stance after Trump took office. Confirmed on party lines, with only Sen. Fetterman breaking. Cannot unilaterally set policy — one of 12 voting members.