Washington — The Federal Reserve will get a new leader on Friday — but his power isn't as vast as it might seem.
The Senate confirmed Kevin Warsh, President Trump's pick for Fed chair, in a 54-45 vote on Wednesday. Mr. Trump's goals for the monetary policy job are not difficult to discern: He has openly pressed the Fed to slash interest rates for months, and has repeatedly lashed out at outgoing Chair Jerome Powell for not rapidly cutting rates.
Warsh — who has vowed to be an "independent actor" and said he will not set policy based on Mr. Trump's...
Continue reading...The Senate confirmed Kevin Warsh, President Trump's pick for Fed chair, in a 54-45 vote on Wednesday. Mr. Trump's goals for the monetary policy job are not difficult to discern: He has openly pressed the Fed to slash interest rates for months, and has repeatedly lashed out at outgoing Chair Jerome Powell for not rapidly cutting rates.
Warsh — who has vowed to be an "independent actor" and said he will not set policy based on Mr. Trump's...
























