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Senate Confirms Kevin Warsh as Fed Chair
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
The U.S. Senate confirmed Kevin Warsh as the 17th chair of the Federal Reserve in a sharply divided 54-45 vote, the narrowest approval for a Fed chief in modern history. Warsh, a former Morgan Stanley banker and Bush adviser, will replace Jerome Powell on Friday and is expected to push for tighter coordination with the Treasury and faster balance-sheet reduction. Investors now await his first policy meeting on June 16-17 as inflation risks tied to the Iran conflict keep rate-cut expectations subdued.
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