Bloomberg Podcasts · Senate Confirms Warsh to Lead Fed as Trump Tests Its Autonomy

1. 1. Kevin Warsh has been confirmed as the new Federal Reserve chair with 51 Senate votes.
2. 2. Jay Powell is expected to maintain a low profile after his Fed chairmanship ends.
3. 3. Warsh must divest his substantial portfolio, a process that might delay his swearing-in.
4. 4. Warsh may significantly alter Fed meeting procedures, including press conferences and forward guidance.
5. 5. Warsh must build consensus for rate cuts, currently lacking a strong economic argument.