The Warsh Era Begins Amidst Turmoil at the Federal Reserve The US Senate's confirmation of Kevin Warsh as Federal Reserve chairman marks a significant turning point in the central bank's tumultuous history.
This milestone is not, however, a return to normalcy.
As the world's largest economy continues to reel from repeated shocks, including inflation fueled by the Iran war, the Fed faces unprecedented challenges that threaten its very independence.