Senate confirms Kevin Warsh as new Federal Reserve chair

The US Senate has confirmed Kevin Warsh as the next chair of the Federal Reserve. He will succeed Jerome Powell, who has led the central bank in recent years. The confirmation comes as inflation remains a key concern for the economy.

Warsh was nominated by President Donald Trump. The vote in the Senate highlighted ongoing debates about the Fed's independence from political influence. Warsh now takes over at a time when the central bank faces pressure to manage rising prices while navigating the broader economic landscape.