WATCH LIVE: Kevin Warsh sworn in as chairman of the Federal Reserve
Summary
Kevin Warsh, chosen by President Donald Trump to lead the Federal Reserve, will be officially sworn in as chairman on Friday. His appointment comes at a challenging time for the global economy after the Senate approved him following an investigation into the previous Fed chair.Key Facts
- Kevin Warsh is President Donald Trump’s pick to head the Federal Reserve.
- Warsh’s swearing-in ceremony is scheduled for Friday at 11 a.m. EDT.
- The Senate confirmed Warsh last week mostly along party lines.
- Senator Thom Tillis had threatened to block Warsh’s nomination during an investigation of Fed Chair Jerome Powell.
- The Justice Department ended the investigation into Jerome Powell in April.
- After the investigation ended, the Senate was able to confirm Warsh.
- The Federal Reserve is a key international central bank affecting the global economy.
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