Trump and Warsh’s fates are now tied, for better or worse
President Donald Trump has appointed Kevin Warsh as the new chair of the Federal Reserve, marking a shift in economic leadership. This change comes as Trump's approval ratings on the economy have declined, with rising inflation and mortgage rates impacting consumer sentiment. Warsh's performance will be closely watched as it could influence the Republican Party's prospects in the upcoming midterm elections.
- ▪Kevin Warsh has been appointed as the new chair of the Federal Reserve by President Donald Trump.
- ▪Trump's approval ratings regarding the economy have significantly dropped, with rising inflation and mortgage rates.
- ▪Warsh's performance as Fed chair will be crucial for the Republican Party in the upcoming midterm elections.
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Open this photo in gallery:U.S. President Donald Trump, right, hosted Federal Reserve chair Kevin Warsh at a White House swearing-in ceremony on May 22 that included cabinet secretaries, Supreme Court justices and top White House advisers.Roberto Schmidt/Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountFormer U.S. Federal Reserve chair Jerome Powell was a handy foil for President Donald Trump, a target of blame for everything from high mortgage interest rates to the pace of economic growth.But with new Chair Kevin Warsh now installed as the country’s central bank chief – completing Trump’s imprimatur across the top echelon of U.S. economic policymaking posts – the dynamic shifts.
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