Powell is out as Fed chair. But will Warsh do any better on inflation?
Jerome Powell is officially out, and Kevin Warsh has just been sworn in at the White House as the new Chairman of the Federal Reserve. Warsh inherits a brutal economic landscape marked by stubborn 3.5% inflation, sky-high mortgage rates, and $4.55 gas prices fueled by the conflict with Iran. Watch the full video to see why Warsh's appointment is a massive political gamble for the Trump administration, and the hidden boardroom hurdle that could stop him from cutting interest rates before the midterms.
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