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  "path": "/2026/05/13/warsh-to-succeed-powell-at-the-fed-with-inflation-at-three-year-high?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss",
  "publishedAt": "2026-05-13T20:00:00.000Z",
  "site": "https://en.mercopress.com",
  "tags": [
    "Economy, Politics, United States"
  ],
  "textContent": "The US Senate on Wednesday confirmed economist Kevin Warsh as the 17th chair of the Federal Reserve in a 54-45 vote, in a transition that hands control of the world's most influential central bank to President Donald Trump's pick at a moment of strong inflationary pressure. Warsh, a former Fed governor during the 2008 financial crisis and a former Morgan Stanley banker, will formally take office on Friday 15 May, following the departure of Jerome Powell, whose eight-year term has been marked by successive economic crises and a prolonged clash with the White House over the central bank's political independence.",
  "title": "Warsh to succeed Powell at the Fed with inflation at three-year high"
}