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Trump Tells Warsh at Swearing-In to Do 'Own Thing' as Fed Chair
News May 22, 2026 at 11:49 AM
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What You Need To Know
- Warsh takes over at a tense moment for the economy and the central bank due to reaccelerating price pressures.
- The Fed, meanwhile, has been battered for the past year by Trump for not cutting interest rates quickly enough.
- The leadership transition at the Fed is also made unusual by Powell’s decision to remain on the Board of Governors.
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