Former Fed governor and Wall Street banker succeeds Powell as central bank under pressure cut interest ratesUS politics live – latest updatesKevin Warsh has been sworn in as chair of the US Federal Reserve, tasked with steering the world’s largest economy as the Trump administration faces mounting pressure over Americans’ financial wellbeing.Warsh, handpicked by Donald Trump, takes charge of the powerful central bank as it comes under extraordinary pressure from the US president to cut interest rates, even as prices climb. Continue reading...

Source: https://www.theguardian.com/us-news/2026/may/22/trump-not-focused-on-economy-poll