Today's top story — May 22nd, 2026
Trump Swears In Kevin Warsh As Fed Chair
U.S. President Donald Trump will swear in Kevin Warsh as the chair of the Federal Reserve on Friday, following Warsh's confirmation in a near party-line vote on May 13. Warsh, who previously served as a Fed governor from 2006 to 2011, will take over from Jerome Powell and is expected to prioritize lowering interest rates amid ongoing inflation concerns linked to Trump's policies. His appointment comes as Fed policymakers consider potential rate hikes to address inflation exceeding the central bank's 2% target.
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