Bloomberg Podcasts · Warsh Confirmed to Fed Board, Still Awaiting Vote on Chair Post

1. 1. Kevin Warsh was confirmed to the Federal Reserve Board of Governors by the Senate.
2. 2. Rising oil and gasoline prices are driving inflation, creating a harsh economic reality.
3. 3. Newly confirmed Kevin Warsh faces "handcuffs," preventing interest rate cuts due to persistent inflation.
4. 4. Rising oil and diesel prices are creating second-round inflationary effects on consumer transportation costs.
5. 5. Senator Fetterman was the sole Democrat voting with the GOP for Kevin Warsh's confirmation.