Kevin Warsh is now leading the Fed. His main challenge is a doozy.
Kevin Warsh has recently taken over as the chair of the Federal Reserve, facing significant challenges with rising inflation. Economists predict that inflation data for April will show a continued increase, complicating Warsh's goal of cutting interest rates. His reform-oriented approach may clash with the pressures from the current economic climate and political expectations.
- ▪Kevin Warsh is the new chair of the Federal Reserve, sworn in recently.
- ▪Inflation is expected to rise to an annual rate of 3.9% for April, complicating rate cut plans.
- ▪Warsh aims to reform the Fed while managing pressures for lower interest rates from President Trump.
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MoneyWatch Kevin Warsh is now leading the Fed. His main challenge is a doozy. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aimee Picchi Aimee Picchi Associate Managing Editor, MoneyWatch Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. Read Full Bio Aimee Picchi Updated on: May 26, 2026 / 3:38 PM EDT / CBS News Add CBS News on Google New Federal Reserve Chair Kevin Warsh could face a rude awakening this week with the release of key inflation data that economists expect to show consumer prices continuing to surge in April.
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