Warsh takes the Fed’s helm as inflation climbs, consumer sentiment dives - BNN Bloomberg
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Article Excerpt
Kevin Warsh was sworn in as chair of the U.S. Federal Reserve on Friday at a pivotal moment for an American economy where surging gasoline prices due to the Iran war are pushing up inflation and eroding consumer sentiment, potent ingredients for a policy dilemma with political implications.
Warsh, wearing a dark suit and tie and accompanied by his wife, Jane Lauder, heiress to the Estee Lauder fortune, was sworn in by Supreme Court Justice Clarence Thomas after a lengthy introduction by President Donald Trump. The White House’s East Room was peppered with top cabinet officials, including Trea…
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