Kevin Warsh sworn in as new Federal Reserve chair, Trump insists he'll remain independent
Summary
Kevin Warsh was sworn in as the new chair of the Federal Reserve, taking over from Jerome Powell. President Donald Trump said that Warsh will act independently while handling inflation and other economic issues in the United States.Key Facts
- Kevin Warsh became the new Federal Reserve chair on Friday.
- He replaced the previous chair, Jerome Powell.
- The Federal Reserve chair leads the U.S. central bank, which manages money and inflation.
- President Donald Trump said Warsh will stay independent in his role.
- Independence means Warsh will make decisions without political pressure.
- Managing inflation is a key challenge for the Federal Reserve currently.
- The swearing-in ceremony was covered by CBS News reporters Ed O’Keefe and Emily Pandise.
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