Kevin Warsh officially took office as president of the US central bank (Fed) on Friday after being sworn in at the White House. He replaced Jerome Powell in the position, to which he was appointed by President Donald Trump for a four-year term. seznamzpravy.cz ↗
During the ceremony, Trump emphasized the need for full independence of the central bank's leadership. However, the new Fed chief refused to be regarded as Trump's puppet. Warsh is an experienced banker and economist who has been active on the public scene for two decades and has extensive experience with public speeches and commentary on economic policy. Die Zeit ↗
Warsh will have to grapple with several challenges. The American economy continues to struggle with high prices stemming from the pandemic period, with inflation reaching a three-year high in April. Fed officials, including board member Waller, do not deny the potential need to raise interest rates in order to manage inflationary pressure. Trend ↗
As part of his new role, Warsh stated that the Fed does not need a revolution, signaling continuity in various aspects of monetary policy. As the new head of the central bank, he thus finds himself in a position where he will have to balance pressure for independent decision-making with the country's economic reality. idnes.cz ↗
Kevin Warsh became the new head of the US central bank
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This summary was generated by artificial intelligence. It may contain inaccuracies. Please verify information in the original sources below.
Sources (5)
Funkce šéfa americké centrální banky se ujal Kevin Warsh
seznamzpravy.cz
| 19:07 22.05.
US-Zentralbank: Donald Trump vereidigt Kevin Warsh als Notenbankchef
Die Zeit
| 18:44 22.05.
Kevin Warsh: Neuer Fed-Chef im Weißen Haus vereidigt
Spiegel.de
| 19:28 22.05.
«Faites simplement ce que vous avez à faire» : le nouveau président de la Fed doit être «complètement indépendant», lance Trump
Le Figaro
| 18:52 22.05.
Kevin Warsh se stal šéfem americké centrální banky, úspěšně složil přísahu
idnes.cz
| 18:36 22.05.
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